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The PSOE proposed in Parliament that the City work with those financial institutions to give more credit to SMEs and cheaper to create jobs and families (26/02/2013)

The socialist mayor Juan Patricio Castro defend in Parliament on Thursday a proposal that will help spur economic activity and create jobs in the town.

This suggest that the City assign bank accounts to those financial institutions that provide more and cheaper credit to households and SMEs.

The Consistory-Castro explains moves a significant amount of million a year, about 500 million euros a year, according to the latest data shows the budgetary performance of September 30th-works with 16 banks with 172 accounts, but there are two entities accounted for 75% of municipal accounts.

The PSOE councilor putting regrets the numbers people, despite the alarming unemployment figures in the municipality reaches 45,650 unemployed (only in the last year has seen an increase around 9.72%, two experienced points above the regional level).

In this sense, Castro said that one of the causes of this situation is that no bank credit flows in the economy and, therefore, SMEs can not invest and create jobs, and families can not increase their consumption, such unemployment grows so hopeless.

Thus, the socialist mayor defends the importance of devising formulas that banks provide more credit and cheaper, considering that the cake (in this case 500 million euros) is very appealing to any bank.

"The City Council should start worrying about the vast majority of SMEs and changing the way families manage their bank accounts and leaving myopic policies that are leading to citizenship to their limits, with incessant and lean cuts of loans," concludes

Source: PSOE Murcia

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