Spanish Municipalities on the Brink of Bankruptcy

26th July 2010, Comments 0 comments

The collapse of the Spanish property sector and bad management has led to over 400 out of the over 8,000 municipalities in Spain to stop paying their water, electricity and telephone bills. According to sources from the FEMP Spanish Federation of Municipalities and Provinces the next step will be that salaries will stop being paid and ...

0 Comments To This Article