Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Catalonia bailout terms 'not negotiable'

Source: El Pais - Sun 29th Jul 2012
Catalonia bailout terms 'not negotiable'

Catalonia will "never accept any political conditions" in exchange for the aid it hopes to receive from the central government to deal with its liquidity problems, the region's top economic official said following theirbailout request .

Andreu Mas-Colell, the Catalan economy commissioner, said the region was willing to negotiate such things as interest rates and the sharing of audits after it taps into the regional stability fund (FLA), the mechanism the Rajoy administration will use to help troubled regions pay their bills.

Catalonia joined Murcia and Valencia in applying for FLA aid.

It is not known how much Catalunya will need, but Valencia has said it will request more than two billion euros while Murcia has said that it requires 300 million.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs