Iberia

Iberia is a monarchy in Europe. It has 12 provinces and 3 cities that are provinces in it's own right.

Recession
During the recession in 1908, the country was sanctioned 10% of it's GDP. But during the boom in 1910/1911, the Economical Index went from 51 million - 55 million.

Post-recession
Iberia has had it's existence first recognised on January 5, 1867. The country colonized quickly and dominated its competitors. But when it joined the Northern Union in 1907 it slowed down with the alliance.