![]() "The economic situation has just made it too expensive for us," Magnus Ogmundsson, the managing director of Lyst Hr., McDonald's franchise holder in Iceland, told the Associated Press by telephone on Monday. ![]() Iceland's three McDonald's restaurants - all in the capital Reykjavik - will close next weekend, as the franchise owner gives in to falling profits caused by the collapse in the Icelandic krona. REYKJAVIK, Iceland – The Big Mac, long a symbol of globalization, has become the latest victim of this tiny island nation's overexposure to the world financial crisis. ![]() In the Octoarticle "Iceland says goodbye to the Big Mac," Associated Press writers Gudjon Helgason and Jane Wardell report that economic conditions are causing the closure of Iceland's three McDonald's restaurants.
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