shedfish Posted July 13, 2010 Share Posted July 13, 2010 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 Quote Link to comment Share on other sites More sharing options...
RufflesTheGuineaPig Posted July 13, 2010 Share Posted July 13, 2010 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. Quote Link to comment Share on other sites More sharing options...
yellerkat Posted July 13, 2010 Share Posted July 13, 2010 Oh God, AEP again: Council debt is just 3pc of Spanish GDP Quote Link to comment Share on other sites More sharing options...
_w_ Posted July 14, 2010 Share Posted July 14, 2010 Oh God, AEP again: Council debt is just 3pc of Spanish GDP Every little helps. It;s the tescovery. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted July 14, 2010 Share Posted July 14, 2010 Every little helps. It;s the tescovery. No it's the councilless recovery. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted July 14, 2010 Share Posted July 14, 2010 Oh God, AEP again: Council debt is just 3pc of Spanish GDP Maybe but how quickly will it balloon? Quote Link to comment Share on other sites More sharing options...
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