October 26, 2009

McDonald’s out of Iceland

The collapse of the krona is forcing McDonald’s out of Iceland.

McDonald’s, the world’s largest chain of hamburger fast food restaurants, arrived in Reykjavik in 1993 when the country was on an upward trajectory of wealth and expansion.

The first person to take a bite out of a Big Mac on the island was then Prime Minister David Oddsson. Oddsson went on to become governor of the country’s central bank, Sedlabanki, a position that he was forced out of by lawmakers earlier this year after a public outcry about his inability to prevent the financial crisis.

posted by in economics, food, international | * | 1 comment 

comments

  1. Kef on October 27th, 2009 at 1:21 pm

    Now there will be a challenge to see who can be the last person in Iceland to enjoy a Big Mac.

    Fast food fans need not worry too much. There is still Pizza Hut and Subway.

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