Irish Times. Regions add to Spanish woes in Madrid. 12.09.2012

Regions add to Spanish woes in Madrid

As Spain has become mired in the euro zone crisis, its regions have been identified as one of its biggest problems, with many of them accumulating huge debts and deficits

SPAIN’S DECENTRALISED state is one of the most visible legacies of its transition to democracy in the late 1970s and early 1980s. The varying degrees of autonomy granted to its 17 regions were seen as proof of the country’s high-speed modernisation as it hurtled towards the 21st century.

But, more recently, as Spain has become mired in the euro zone crisis and the possibility of a sovereign bailout has loomed, its regions have been identified as one of its biggest problems, with many of them accumulating huge debts and deficits.

Read the full article here.

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Posted on October 16, 2012, in BY COUNTRY, BY DATE, BY LANGUAGE, BY SOURCE, English, Ireland, Irish Times, september 2012. Bookmark the permalink. Leave a comment.

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