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Moody’s: Spain needs to implement more austerity; 4.000 town councils financially ‘non viable’

Tuesday, March 20th 2012 - 21:49 UTC
Full article 3 comments

Rating agency Moody's said on Tuesday that Spain's fiscal outlook remained challenging despite recently softened deficit targets. The announcement comes when the Secretary for Public administration admitted that 4.000 ‘ayuntamientos’ town councils in Spain are not financially viable. Read full article

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  • GreekYoghurt

    They should just pretend it's not an issue and bark on about Gibraltar, just like their Argentinian masters.

    Mar 20th, 2012 - 10:15 pm - Link - Report abuse 0
  • Steve-32-uk

    @1 True, maybe a few lessons from CFK needed, advising on how to divert public attention away from the countries real issues.. In fact after she loses the next election she should write a book about it?

    Mar 20th, 2012 - 10:43 pm - Link - Report abuse 0
  • GreekYoghurt

    morally and economically bankrupt country is bankrupt.

    Mar 21st, 2012 - 09:54 am - Link - Report abuse 0

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