MALLORCA TODAY - Santa Margalida's dire financial situation

Santa Margalida town hall's leaders have taken the unusual step of addressing a meeting of residents to explain the precarious situation regarding the town's finances, the total debt having risen to ten million euros. The lack of liquidity has required cuts to services and an increase in local taxes. One victim of the cuts will be the public swimming-pool which will not open this summer as it will cost too much to repair pipework.