Lighgbulbs at €44 each in Garrucha

Garrucha council has said it is “shocked” by the discovery that the previous administration had purchased material at “ridiculous” prices. A warehouse full of “extremely expensive supplies” has been found. According to the invoices, lightbulbs were supplied at a cost of 44 euros each, when their recommended retail price was just three euros. Other items in the warehouse were urinal cakes costing 15 euros each (retail price 3 euros) or 30.000 handtowels costing 15.000 euros. Continue reading Lighgbulbs at €44 each in Garrucha

EU tells Spain to put IVA up again, and slash social spending

The EU “troika” has issued a report on Spains economy which says that progress in modernising the nations outdated social network is, whilst satisfactory, rather slow. It urges Spain to either up IVA again, or failing that, shift as many goods as it can into the high 21% band; slash social spending again, reign in the regions and increase the age of retirement once more. The EU calculates that Spain is currently running a 10 Continue reading EU tells Spain to put IVA up again, and slash social spending