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Today, April 17, the day which is published in the Official Gazette "Order PRE/773/2012 of 16 April, which publishes the Agreement of the Government Commission for Economic Affairs on March 1 of 2012, for implementation of the funding mechanism for payment to providers of local bodies, "the group of IU must return to give his opinion to say that the only mechanism favoring financial institutions, banks, crossing of scandalous that the money provided by the European Central Bank at low interest (around 1%), the private banking system, should be returned to an interest rate lower than 6% unlikely in view of spreads the risk premium, which have been recently placing consistently above the 350 basis points.

The order reads that the interest rate for the borrower, ie the municipality will be "equivalent to the cost of financing the Treasury plus a maximum of 115 basis points that will add a net interest income of up to 30 points. "

What gives us the stage to pay interest of between 5.50 and 6 percent cited.

In this regard, IU-Greens want to note that beyond the debt of around EUR 25 million contract officially the City of Lorca, the real truth is that the citizens who will have to bear the weight of the load to the that are undergoing the action of the Spanish Government and generally liberal economic system in Europe, that the end of the day is leading to the deterioration and obvious deterioration of living conditions of the middle and lower strata.

It is manifestly clear that the adjustment plan already developed by the city of Lorca to meet its future obligations of banks increases the cost of services, to be paid by citizens through higher taxes and public prices and, second, quality decreases of providing them.

And all this adds to the whole package of economic measures and welfare cuts and labor and has launched the Conservative government of Mr. Rajoy, whose last expressions are the harsh measures against the quality of public education and "co-payment health "that is making strides.

Source: IU-verdes Lorca