Spain gives €70m cash injection to save national science agency from bankruptcy

LAST UPDATED: 19 Oct, 2013 @ 16:14
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Spain gives €70m cash injection to save national science agency from bankruptcy

THE Spanish government has given the Spanish National Research Council (Centro Superior de Investigaciones Científicas) an emergency €70m injection of cash to save it from imminent bankruptcy.

CSIC employs around 6,000 researchers in more than 120 facilities around the country including those in Sevilla, Granada and Malaga in Andalucia.

The new injection of funds follows an emergency funding package of €25m in June.

On Thursday scientists in the public research sector and universities held a day of mourning for science in Spain.

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3 COMMENTS

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  1. LOL where did the Spanish govt get 70 million from ..oh my so they will be stealing and knocking down peoples homes to raise the 70 million

  2. Ha Ha am now just reading that the Spanish govt is to request 60 billion bailout on sat ..as I have always said the govt has not 2 brain cells to make any money themselves ..they got to ask the Germans to feed them

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