Here is a great article about Iceland’s response to their banking crisis of 2008 and how it led them to develop a constitution through participatory democracy as a response. The constitutional reform was almost carried and could have led to wider ramifications as an example to others, but at the last it was delayed by those who felt it was mistaken. There may still be the possibility that it is returned to at a later date, due to the large support that was given to it from the Icelandic public however. The second link is from the site of the Constitutional Council:
I would like to thank my sister for bringing this to my attention, however long after the even this has been. Thanks Kath.