Iceland has much more to worry about than Big Macs

Iceland found itself on the world’s front pages again last week, but surprisingly it was not due to revelations of a new financial scandal, nor the latest details of an IMF bailout package.

31st October, 2009

Iceland found itself on the world’s front pages again last week, but surprisingly it was not due to revelations of a new financial scandal, nor the latest details of an IMF bailout package.

Instead, it was something far more mundane: McDonald’s had announced that it would be packing up its golden arches, stowing away its McFlurries and leaving the country.

In the normal run of things, the closure of three burger...

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