Iceland Shock Sparks Call for Probe ; Mps Ask Why the Warning Signs Were Not Spotted

The Journal › October 14, 2008

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Summary

CALLS were made last night for an inquiry into a North East council's decision to invest pounds 23m in Icelandic banks despite warnings over the country's financial viability.

Northumberland County Council invested the cash months after the International Monetary Fund warned that Iceland's banks were likely to face problems.

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Iceland Shock Sparks Call for Probe ; Mps Ask Why the Warning Signs Were Not Spotted

The council la...

See the full content of this document