Europe

Spain's big spender saddled with debt

Billions of euros were spent by third largest city Valencia on big projects, many of which are now empty or closed.
Last Modified: 08 Mar 2013 03:46

Once one of Spain's boom towns, Valencia is now saddled with one of the biggest debt burdens in the country. The nation's third largest city spent billions of euros on big projects, many of which are now empty or closed.

Many argue that a fraction of amount spent on fancy architecture, could have benefited people living in the city’s slums. Al Jazeera’s Rory Challands reports from Valencia.

67

Source:
Al Jazeera
Topics in this article
People
Country
City
Featured on Al Jazeera
Al Jazeera's exclusive publishing of a key Guantanamo prison military document lays bare the brutality of force-feeding.
Former military official says poverty and anger in indigenous communities mean conditions for an "insurgency" are ripe.
A four-part series that gives a rare insight into the country on the move, with history in tow.
Series on the Palestinian 'catastrophe' of 1948 that led to dispossession and conflict that still endures.
Featured
Two years since the start of the uprising, rebels and Assad's forces remain locked in conflict.
A four-part series that gives a rare insight into the country on the move, with history in tow.
News and analysis of 2013 presidential contest as Ahmadinejad finishes second term.
Extensive coverage of war crimes tribunals and controversial calls for blasphemy laws.
Series on the Palestinian 'catastrophe' of 1948 that led to dispossession and conflict that still endures.
join our mailing list