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Council runs up debts of EUR39millon; ECONOMY.


GALWAY Galway, city, Republic of Ireland
Galway, city (1991 pop. 50,853), seat of Co. Galway, W Republic of Ireland, on Galway Bay near the mouth of the Corrib River.
 County Council has debts of EUR EUR

In currencies, this is the abbreviation for the Euro.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
39million its burden is growing by over EUR1million a week, figures revealed yesterday.

The council ran up debts of EUR20.2million over the first five months of this year alone, adding to a deficit of EUR19million from last year.

County manager Martina Moloney Moloney may refer to:
  • Moloney (television show), 1996–97 American television police drama
  • Moloney (surname), people with the surname Moloney
See also
  • Maloney
 blamed the debts on a cut in contributions from the Local Government Fund, as well as sizeable reductions in income from development charges, housing rents, planning fees, fire certificates, rates and water charges.

The council has said that it is now not in a position to implement its water services investment programme and road maintenance will have to be greatly scaled back.

The fire service's budget is also facing the axe.
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Publication:The Mirror (London, England)
Date:Jul 2, 2009
Words:120
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