I just read in a German source online (Handelsblatt via yahoo) that McDonald's is closing in Iceland. Apparently, the chain's headquarters required the 3 restaurants in Iceland to import basically all of their supplies and ingredients from Germany, but with their economy tanking last year, costs of the imports have doubled. So now the company that has the franchise is pulling the plug on the 3 restaurants.
I like to eat at McDonald's as much as the next fat-and-sugar-addicted person, but I think it is kind of cool that Iceland is going to be a McDonald's-free country after this. Not many places can say that. In addition, the company that has run the franchise in Iceland says that they will probably reopen the restaurants, but as local affairs using local supplies. And it all comes down to money--the company will do whatever it takes to make money, and if that will hurt/help the local economy doesn't even make it into their equation. In this case, though, I hope it will help.