Málaga is Spain’s third most-indebted city, after Zaragoza and Madrid. Málaga owed €542 million at the end of 2016 according to the Bank of Spain, equivalent to €952.50 for every one of its 569,000 inhabitants. In 2012, Málaga adopted a plan to bring its debt, then €883 million, within the government’s tolerance limits by 2020.
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‘Robin Hood’ government slammed by the banks
Big banks and electricity giants are registering record profits – but are still up in arms over additional taxation imposed by the government to...
