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Mr Grimsson speaks to his domestic audience with a view to his re-election campaign in three years time. All Brown did was to freeze Icelandic assets in the UK in order to have first claim on them to repay money foolishly deposited in Icelandic banks by British public sector bodies. Among the stupidest of those was KCC.
One of the few times Brown actually took the advice of his Treasury mandarins and did the right thing.
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