American Candy Producer “Bails Out” Iceland Skip to content

American Candy Producer “Bails Out” Iceland

Michael Dee, the president of a candy company from New Jersey, organized a 100-person trip to Iceland in October to participate in a hockey tournament and called it the “Great Icelandic Hockey Bailout”.

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The nightlife in Reykjavík. Photo by Páll Stefánsson.

“Our slogan was ‘Iceland is too small to fail,'” he told upi.com in late December. “We thought we’d give them a hand.” He estimated that the group spent USD 200,000 (ISK 23 million, EUR 150,000) during their four-day stay.

“It was pretty wild,” Dee added. “Some of the guys figured they were bailing out Iceland by buying drinks for every girl in the bar. I helped out, too.”

Dee is planning future trips to Iceland to help boost the local economy after the banking collapse and subsequent volcanic eruption, expecting to get twice as many people to join him next time.

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