Thursday, October 16, 2008

Icelanders, abandoned by Europe, go on shopping spree ... before things go bust.

After a four-year spending spree, Icelanders are flooding the supermarkets one last time, stocking up on food as the collapse of the banking system threatens to cut the island off from imports. 

``We have had crazy days for a week now,'' said Johannes Smari Oluffsson, manager of the Bonus discount grocery store in Reykjavik's main shopping center. ``Sales have doubled.'' 

Bonus, a nationwide chain, has stock at its warehouse for about two weeks. After that, the shelves will start emptying unless it can get access to foreign currency, the 22-year-old manager said, standing in a walk-in fridge filled with meat products, among the few goods on sale produced locally. More...

See also:

  1. Iceland turns to Russia for help as its "friends" turn their backs...
  2. Are Icelanders the happiest people on earth?
  3. The world's healthiest countries...

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