Media playback is unsupported on your device

Iceland's economy sparks into life

Just four years after Iceland's major banks collapsed and the currency plunged in value, the nation is now being praised by the IMF.

The country has seen a return to strong growth and has spared its citizens many of the austerity measures felt elsewhere in Europe.

Paul Henley reports.

  • 14 Sep 2012
Go to next video: On the campaign trail with baby