Bankers Supplanted by Elves as Iceland Chases Cash

Iceland’s elves and glaciers are helping resurrect the island after its failed foray into high finance.

Left with a battered economy after the 2008 collapse of its three-largest banks, the Nordic nation is returning to its roots for growth -- sending its fishing fleet out in records and touting its glaciers and volcanoes to attract tourists. Locals are also reaching back into Iceland’s folklore as a home to elves and other spirits to gain foreign currency.