The Anonymous Widower

Pioz is the Most Indebted Village in Spain

Pioz in Guadalajara has just 3,000 inhabitants, but the village has run up debts of €16,000,000 and at the current repayment rate will take over 7,000 years to pay the debts back. It all stems from a previous administration that built an elaborate  water purification plant.

And then there was the €150,000,000 airport at Castellon near Valencia, which never attracted a single aircraft.

No wonder Spain and Spanish banks are in trouble!

May 12, 2012 - Posted by | Finance, News | ,

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