Before the economic crisis the Icelandic economy was relentlessly expanding its bubble. The stock market grew 10 times in just a few years and Icelandic banks were buying up real estate, companies and foreign banks with basically fake wealth. Most bankers had no real world banking experience and just speculated like crazy.
What if instead of the wild and unfocused buying spree, the Icelanders get the idea that they should buy something with actual value: Greenland. Let's say Iceland throws money at Denmark and buys Greenland. Though their markets would crash later, Iceland would've expanded their territory by orders of magnitude.
What happens now? Do Iceland threaten to sell Greenland to the Russians to get international aid?
What if instead of the wild and unfocused buying spree, the Icelanders get the idea that they should buy something with actual value: Greenland. Let's say Iceland throws money at Denmark and buys Greenland. Though their markets would crash later, Iceland would've expanded their territory by orders of magnitude.
What happens now? Do Iceland threaten to sell Greenland to the Russians to get international aid?