Lottery winner pays the council's wages - at 28 percent interest
19 March 2012 @ 11:56
The Mayor of Los Barrios has paid the wages of the council workers using a 1.5 million € loan he obtained from an individual at an interest rate of 28%. The interest has to be returned to the individual on April 1 2012.
Jorge Romero from the Partido Andalucista obtained the loan at the end of last year, against the advice of the Municipal budgetary office.
Read more: http://www.typicallyspanish.com/news/publish/article_34063.shtml#ixzz1pYgeFkB6
You don't have to be registered to leave a comment but it's quicker and easier if you are (and you also can get notified by email when others comment on the post). Please Sign In or Register now.