El País. English. Catalonia taps bailout fund for additional aid. 11.10.2012

Catalonia taps bailout fund for additional aid

Cash-strapped region asks for 410 million euros to cover healthcare and education costs

EL PAÍS Barcelona 11 OCT 2012 – 22:41 CET

The regional government of Catalonia has asked to tap the central administration’s bailout fund to the tune of a further 410 million euros, taking its total petition to 5.433 billion. The Generalitat’s economy department, headed by Andreu Mas-Colell, explained that as the Regional Liquidity Fund (FLA) also covers debts related to healthcare, education and social affairs, the decision was taken to increase the amount initially requested.

Read the full article here.

 

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Posted on October 16, 2012, in BY COUNTRY, BY DATE, BY LANGUAGE, BY SOURCE, Catalonia, El País, English, october 2012. Bookmark the permalink. Leave a comment.

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