Blog 34: Iceland Says Good-Bye to McDonald's

Iceland's economic collapse has forced fast food restaurant chain McDonald's to close its restaurants in the island or face an incredible expensive burger experience. All three restaurants will be closed, says Bloomberg.com.

As expected, no surprises here, some people are loving it (sorry, I couldn't help it) and won't miss the fast food while others are sad to see Ronald go away from the island and hope for a return someday in the future.

European fast food, however, is not as cheap as it is in the US. The article says that "the most expensive Big Macs are sold in Switzerland and Norway, where the burger costs about $5.75, according to the Economist 2009 Big Mac index." Had McDonald's stayed in Iceland, the Big Mac wold have cost 780 kronur” ($6.36), compared with the 650 kronur it costs today.