The Almuñécar Town Council will not be able to reduce the IBI (local property tax), they say, because of the debt acquired after losing court cases.
The Councillor for Hacienda announced that the Almuñécar Town Hall has managed to reduced the public debt by six million euros.
The governing party in Motril, with every opposition party voting against, approved a motion to apply for another bank loan.
Last year, the City Hall of Granada, like many municipal administrations, received a loan from the central government so that they could pay off their outstanding debts to local merchants and traders up until the 31st of December 2011; a total of 107.8m euros.
The current economic climate has led to an increase in people and companies getting into debt all over Europe. This has in turn fostered the emergence of “credit blacklists”, where people and companies that have defaulted on payments are recorded.
Following a noisy protest in front of the Salobreña Town Hall, the Mayor announces that he will negotiate a U-Turn over the IBI rise.
In these difficult times there are a lot of people deciding to call in old debts to raise some cash. Well, a German town is trying to call in a 450-year-old debt, which could be worth trillions of euros.
The town of Mittenwalde recently discovered an IOU (debt certificate) dating back to 1562, which clearly states that the town loaned Berlin money, and if repaid, it could make this little town one of the richest in the world.
The infamous and utterly misunderstood Mayan calendar, according to some, has it that we will all go poof in a cloud of cosmic debris on December the 21st, 2012. While quite complicated, and conflicted owing to scientific analysis and other discoveries, the prediction, should it prove true, might be a blessing as 2013, at least for Spain, looks to be an even harsher year than 2012 will turn out to be. Will anyone be saved?