Portal de Murcia
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Councilman John Patrick Castro warns that if the Ministry of Finance finally imposes an interest rate of 7 percent will be subjecting citizens to draconian conditions that mortgage even more to the city of Murcia, which has already cost many impaired loans
Castro has been clarified by active and passive is essential payments to suppliers, the PP should have paid at the time in a timely manner.
Doubts about what will be the loan interest rate for payments to providers as requested by the Ministry of Finance to local authorities has been the main reason why the Socialist Group today revealed its abstention during the celebration of extraordinary plenary session.
Unfair conditions
For the Socialist councilor Juan Patricio Castro, the loan conditions proposed by the Treasury are "draconian" if the final rate at this time is unknown, is as high as 7 percent, which would mean 17.5 million euros of interest.
It finally gave these conditions, has said Castro would be hurting the citizens and the City Council, as each quarter point to raise the interest rate is a whopping € 660,000 more in interest that would have to leave the municipal coffers and therefore of the pockets of the usual, citizens.
Essential supplier payment
The socialist mayor clarified by active and passive is essential payments to suppliers, the local government, highlighted Castro should have paid at the time in a timely manner.
If that were so - has pointed out - now we would have to face a situation of inadequate loan because of uncertainty and doubt that responsible for Finance has not clarified on the final interest rate that the government will impose Rajoy to the municipalities.
Source: PSOE Murcia
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