In the wake of Iceland's financial meltdown, food manufacturers in the country have found themselves struggling with higher input costs. However, exporters have also flourished due to the weak currency. Gerald O'Dwyer reports.
Nowhere in the world can the impact of the credit crunch be more clearly seen than in Iceland, a nation on the brink of financial implosion. As the events of the last week unravel, Iceland has found itself struggling to avert the alarming possibility that the financial meltdown could spread to the “real” economy and Iceland’s food industry now has to face a crisis not of its own making. Katy Humphries reports.