Reykjavik, Iceland

Abandoned by McD’s: Iceland’s economy is now so bad, it can’t even support a McDonald’s. The owner of the country’s three McDonald’s restaurants said this week he was closing them all because the collapse of Iceland’s currency, the krona, had driven up the cost of importing beef and cheese. Jon Ogmundsson said that to stay in business, he would have to charge about $7 for a Big Mac, a price customers “are not willing to pay.” Iceland nearly went bankrupt last year and the krona lost 50 percent of its value against the euro.

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