The President of Iceland, Olafur Grimsson, documents how his country successfully recovered from a financial downturn in this economic recovery speech.
After first experiencing an economic crisis in 2008 when the country's banks collapsed and then suffering one of the most devastating volcanoes in the country's history, Iceland encountered severe monetary and social disturbances.
He explains that the sobering experience forced the government to evaluate their entire system from the ground up and to delve deep into their judicial systems and also explore clean energy investments.
One of the most resounding points made in Grimsson's presentation is that despite the vast technological achievements that have been made across the world, the human race is still not the master of the universe and must be prepared for anything.
The President's economic recovery speech conveys the lessons that he and his government learned and showcases the fact that despite seemingly insurmountable obstacles, it is not impossible to turn things around.