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The up side of the economic meltdown in Iceland. No more McDonalds
#1
McDonald's pulls out of Iceland


[Image: _44590897_mcdonalds_getty226b.jpg] McDonald's is seen as a part of most developed economies

McDonald's is to close its business in Iceland because the country's financial crisis has made it too expensive to operate its franchise.
The fast food giant said its three outlets in the country would shut - and that it had no plans to return.
Besides the economy, McDonald's blamed the "unique operational complexity" of doing business in an isolated nation with a population of just 300,000.
Iceland's first McDonald's restaurant opened in 1993.
'No sense'
[Image: o.gif] [Image: start_quote_rb.gif] For a kilo of onion, imported from Germany, I'm paying the equivalent of a bottle of good whisky [Image: end_quote_rb.gif]


Jon Gardar Ogmundsson
McDonald's Icelandic franchisee

The franchises are run by a firm called Lyst, with owner Jon Gardar Ogmundsson saying the decision was "not taken lightly".
He said that the restaurants imported the goods from Germany, but that costs had almost doubled, with the falling krona making imports prohibitively expensive.
Mr Ogmundsson said the restaurants had "never been this busy before... but at the same time profits have never been lower".
"It just makes no sense. For a kilo of onion, imported from Germany, I'm paying the equivalent of a bottle of good whisky," he added.
He now plans to run the restaurants under another name so that he is able to buy cheaper Icelandic products.
Iceland's banks collapsed at the height of the global credit crisis - wrecking the country's economy and forcing it to rely on an $10bn (£6.1bn) international aid package.
"The philosophers have only interpreted the world, in various ways. The point, however, is to change it." Karl Marx

"He would, wouldn't he?" Mandy Rice-Davies. When asked in court whether she knew that Lord Astor had denied having sex with her.

“I think it would be a good idea” Ghandi, when asked about Western Civilisation.
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The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14
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