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shedfish

Spain 'relying On Short-Term Funding'

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A third of Spain's city councils are in dire straits and may be forced to suspend payments by the end of the year, replicating the woes in the US, where many states are bearing the brunt of fiscal tightening.

The great majority of councils in Andalucia are already in deep crisis – either insolvent or muddling through from day to day. More than 400 of the 8,000 councils across the country have stopped paying electricity, water and telephone bills, according to Spanish newspaper El Economista.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7888637/Spain-relying-on-short-term-funding-as-councils-go-bust.html

Will they kick off like the Greeks, will they hoard guns and watch TV like the Californians, or just watch TV like the Brits... spin the bottle

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http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7888637/Spain-relying-on-short-term-funding-as-councils-go-bust.html

Will they kick off like the Greeks, will they hoard guns and watch TV like the Californians, or just watch TV like the Brits... spin the bottle

I'm pretty sure that due to ETA they aren't allowed guns.

They'll just fall back into fascism like they were 30 years ago.

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Oh God, AEP again:

Council debt is just 3pc of Spanish GDP

Every little helps.

It;s the tescovery.

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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