Portal de Murcia
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The councilman Juan Patricio Castro today defended the PSOE abstained because the approval of the second phase of the loan providers leaves us at the mercy of the markets, with a more delicate situation than ever, according to the risk premium found by above the 570 basis points yesterday to close beating a record high
The PSOE mayor Juan Patricio Castro explained today during the course of the extraordinary plenary session why the Socialist Party abstained when approving the second phase of the loan payment to suppliers totaling 2.5 million euros.
Several months later, Castro has detailed the conditions of this loan are even more draconian, leaving us at the mercy of the markets and a risk premium that is above the 570 basis points yesterday to close your beating high.
Support for providers
The Socialist councilor has also clarified that the failure of the City Council can no longer be a problem for providers and that approval of this loan to an initial interest rate is unknown, but conditioned by the premium on 570 points, is a clear penalty the municipal coffers.
Castro reminded the municipal PP, according to budget execution to March 31, there is already a hit 5 million unpaid bills from 2008-2011.
Thus, the PSOE mayor reiterated that the payment to suppliers is essential and that the PP of La Glorieta should have paid at the time, in a timely manner.
"Had it done so now we would have to face such high debt repayments and live with the rope around his neck due to market pressure."
Source: PSOE Murcia
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