Leverage external forces to leverage the advantages of small countries.

1. With the help of external forces, after Iceland declared bankruptcy, it received assistance from the European Union, the International Monetary Fund (IMF) and other institutions. These funds provided a material basis for Iceland's economic recovery.

2. Give full play to the advantages of a small country. As a small country, Iceland has certain advantages in the bankruptcy crisis.

The citizens of Iceland can quickly adjust the economic structure and change the model of economic dependence, thereby achieving economic recovery faster.