
Iceland is deep in debt. A country close to bankruptcy. A country in such financial distress someone actually put it up for auction on Ebay.
Perhaps now, we know a small reason for these troubles.
Elves.
Recent polls show that the majority of the population either believe in elves or won't entirely rule out their existence.
That's no big deal. Lots of people believe strange things exist - ghosts, aliens, fairies, Jesus. But Iceland's belief in elves goes beyond cultural heritage, folklore, a lucrative tourist attraction or fascination with Lord of the Rings. It actually effects the economy and how companies do business.
While in America you may need EPA approval or an economic impact statement to get the okay to build a new factory or strip mall, when you're building in Iceland the government might force you to hire an expert to assure that none of the country's legendary hidden people" lived underneath the property. (via York Daily)
In 2004, ALCOA was forced to hire an elf expert (who was human) to make sure none of the countries reportedly 300,000 native "elf-like goblins" weren't living beneath the rocks. The site was clear, praise Legolas.
No lets hope the elves come to Iceland's rescue. Share some of their centuries of wealth or magic to bailout the citizens above that love and protect them so.
We shall see....