Saturday, December 31, 2011

MALLORCA TODAY - Government error on Balearics financing

The Spanish finance ministry has been forced to issue a statement saying that there was an error in the announcement yesterday that central financing for the Balearics was to be eliminated. The announcement caused consternation and were it to be the case would place at risk certain projects, such as the continuing construction of Palma's Palacio de Congresos. The ministry now says that the cut to financing has not been approved. Strange that there should have been any announcement therefore.

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