More funds worries for parks managers

Whether or not you agree that councils hit by the sinking of Landsbanki and Glitnir banks were foolhardy to continue to invest in them after their shares were downgraded by ratings agencies - or that they were simply badly advised - the real worry is that the potential impact on council service provision of this latest chapter in the financial crisis may be the tip of the iceberg.

by Kate Lowe

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