The Republic of Basque-Icelandic Alliance is a huge, genial nation, notable for its smutty television, frequent executions, and restrictive gun laws. The compassionate population of 295 million Basque-Icelanders have some civil rights, but not too many, enjoy the freedom to spend their money however they like, to a point, and take part in free and open elections, although not too often.

The medium-sized government juggles the competing demands of Administration, Law & Order, and Welfare. The average income tax rate is 25.2%, but much higher for the wealthy.

The strong Basque-Icelander economy, worth 21.9 trillion krónas a year, is fairly diversified and led by the Tourism industry, with significant contributions from Beef-Based Agriculture, Retail, and Arms Manufacturing. State-owned companies are common. Average income is 74,363 krónas, and evenly distributed, with the richest citizens earning only 2.0 times as much as the poorest.

Leader can finally stop kneading the dough and start rolling in it instead, the disabled are forced to undergo an MRI scan every time they pick up their benefit payments, people with political aspirations study how to make balloon animals, and chickens roam the streets freely. Crime, especially youth-related, is totally unknown, thanks to a capable police force and progressive social policies in education and welfare. Basque-Icelandic Alliance's national animal is the puffin, which is also the nation's favorite main course.

Basque-Icelandic Alliance is ranked 139,732^nd in the world and 2,969^th in The North Pacific for Largest Gambling Industry, scoring 629.44 on the Kelly Criterion Productivity Index.