Tag: Antonio Beteta

• Tuesday, March 20th 2012 - 21:49 UTC

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

  

  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.