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Old 10-09-2008, 05:13 PM   #1
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Default 12 ($24) Billion in Icelands banks which collapsed

It seems local councils and some private savers had opened accounts with Icelandic banks which have now gone into administration and so locking their accounts.

More info: http://news.bbc.co.uk/1/hi/business/7658908.stm
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