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The Icelandic Group

Crunching the numbers: Iceland’s food industry

Crunching the numbers: Iceland’s food industry

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.