Frozen Out ; Our Money's Gone to Iceland Says One Council ... But Others Aren't Sure
South Wales Echo › October 10, 2008
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Summary
MILLIONS of pounds of taxpayers' money is tied up with collapsed Icelandic banks and no one knows if the councils that invested it will get it back, it was revealed today.
Rhondda Cynon Taf has invested pounds 3m with the institutions which have gone into receivership and Caerphilly said today it was looking into whether it is affected.See the full content of this document
Extract
Frozen Out ; Our Money's Gone to Iceland Says One Council ... But Others Aren't Sure
Merthyr and Bridgend councils have confirmed they have no money with the failed banks.
RCT is one of six councils across Wales thought to have at least pounds 12m tied up at Landsba...See the full content of this document
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