Canarian Ayuntamientos in dire financial straits

Update 27 February 2012: The president of the Canarian Municipalities Federation (Federación Canaria de Municipios: Fecam), Ramón Plasencia, has warned in a press conference that ayuntamientos will have problems in supplying even the most basic of services if the state toughens its economic conditions.

Given the new Spanish PM’s recent comments about the country still not having reached the bottom of its economic slide, and that the situation will get much worse yet, it seems almost inevitable that the situation in the Canaries will worsen too.   ... Read more...