Due to the bad economy here in Iceland , McDonalds, is closing down.
According to the CEO of McDonalds in Iceland, this is because that the Icelandic currency is low, and they have to import everything from Germany.
McDonalds opened in Iceland in 1993.
And Mr. David Oddson , who was CEO of the Central bank during the Banking Crisis last year, and in 1993 he was Icelands Prime minister , was the first guest and ordered the first McDonalds hamburger in ICeland.
I am shocked to hear Iceland will no longer have a McDonalds location. The company has such a powerful worldwide appeal, so it is big news when a nation does not have a McDonalds.
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