SPANISH SPENDING
- From: Vol 9, Issue 12 (December 2008)
- Category: Need to know
- Region: Europe
- Country: Spain
* Madrid’s regional assembly is set to agree the sale of a 49% interest in its 150-year-old water company Canal Isabel II by the end of this year (see story p16).
The city needs the money badly because its property and construction revenues have taken a dive. It probably won’t be the last municipality to find itself in this situation.
* After the EU party comes the hangover. Spain has fallen badly behind on its compliance with the Urban Wastewater Directive, and the European Commission is threatening to start court proceedings ...
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