Thursday, May 03, 2012

MALLORCA TODAY - Government loans to hard-up councils

Two local councils in Mallorca that have been unable to pay suppliers and which are in particularly heavy debt - Inca and Sa Pobla - will, thanks to a plan approved by central government in Madrid, be able to start paying these suppliers this month. In the case of Inca, the government will make available 4.7 million euros, but it is only in the form of a loan.

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