Marbella sells of GIL era property to pay off debt

27th April 2010, Comments 0 comments

Marbella’s interest payments on outstanding debt from the GIL era amounts to 10 million euros every year. The urgent need for money has led the municipality to sell off real estate that it inherited from the Jesus Gil government in an attempt to raise liquidity. The first property to be released for sale is a luxury ...

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