Showing posts with label Seven Spanish regions are expected to seek financial support. Show all posts
Showing posts with label Seven Spanish regions are expected to seek financial support. Show all posts

Thursday, 26 July 2012

property marbella, marbella apartmentsThe Spanish region of Valencia is followed by the Region of Murcia, among the Spanish regions is expected to seek support from the recent government rescue fund. The region of Murcia could be the next region in Spain to turn to Spain’s central government.

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The region of Murcia government Ramon Luis Valcarel was asked about the Murcia region intends to seek support and said “of course” and added that he hoped the money would be available in September.
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He said the Murcia region will likely have to seek the support of the order of 200-300 million Euros, but he did not know exactly yet.
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According to Bloomberg News wrote to the Spanish newspaper El Pais at the weekend that six regions may seek Spanish aid. According to reports, the Balearic Islands, Catalonia, Castile-La Mancha, Murcia, the Canary Islands and possibly also of Andalusia have difficulty obtaining funding, and some of the regions are studying the possibilities to seek support from the Spanish government rescue fund.

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All regions of Spain during the last 10-15 years building between 2-3 million new properties with buildings and businesses have borrowed so much money over the years so hårtransplantation that now they are sitting with large debt and spending that they can not pay. In Andalucia are Marbellaone of the municipalities that built a lot of Marbella apartmentsMarbella villas and property Marbellathat is now in financial trouble.

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