Sunday, July 28, 2013

Robbing Peter to pay Paul

Bigastro City Council has just taken out another bank loan for 122,000 euros to cover the payment of overdue invoices to suppliers including the 90,000 that was owed to the Fire Consortium.

The  Mayor tells us that the council now has a total of three bank loans totalling 3,722 million euros. The money is needed to pay part of the town’s debt much of which she says was "inherited" from the previous socialist government.

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