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British Town Halls Lose Millions In Iceland Bank collapse

THE economic crisis is hitting people everywhere.British local governments decided to place their money and faith in Icelandic banks.Rates of interest proving too tempting for over 100 town halls who thought it looked a sure winner.They were wrong.

Their millions(reports say around a BILLION pounds) has been LOST in this crisis.


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Posted: 10th, October 2008 | In: Reviews | Comments (3)