Þetta reddast

Þetta reddast (pronounced thet-ta red-ust) ... means "it'll all work out in the end" – and if Iceland had an official slogan, this would be it. The phrase near-perfectly sums up the way Icelanders seem to approach life: with a laid-back, easy-going attitude and a great sense of humour. (BBC)

Also see: The Little Book of the Icelanders.