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More than sixty councils are counting the cost of the Icelandic economic crash.
Hundreds of millions of pounds are caught up in banks which have now gone into administration.
Jane Gething-Lewis has the details for 24dash...
(listen to/download audio file)
Listen in full to interviews with Cllr Paul Carter, Leader of Kent County Council, Eric Pickles Shadow Local Government Secretary and Cllr Merrick Cockell, Chariman of London Councils.
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