Pioz is the Most Indebted Village in Spain
Pioz in Guadalajara has just 3,000 inhabitants, but the village has run up debts of €16,000,000 and at the current repayment rate will take over 7,000 years to pay the debts back. It all stems from a previous administration that built an elaborate water purification plant.
And then there was the €150,000,000 airport at Castellon near Valencia, which never attracted a single aircraft.
No wonder Spain and Spanish banks are in trouble!
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