Iceland; even McDonald’s leaves the country!

If you need an acurate way to know if a country has collapsed, here is the best: Iceland’s McDonald’s Corp. restaurants will be closed at the end of the month after the collapse of the krona eroded profits at the fast-food chain, McDonald’s franchise holder Lyst ehf said.

It’s the problem when you import all your commodities while your currency, the krona, slumped as much as 80 percent against the euro making the it the second-worst performer of the 26 emerging-market currencies tracked by Bloomberg.

Without McDonald’s, how can you keep your population from fleeing the country?!


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