Reply With Quotewhy "demands" widely use in spanish speaking country or bad translation
Catalonia demands a bailout from Spanish government
Spain is also closing 30 of its 47 nationally owned airports.
Originally Posted by The Telegraph
Catalonia demands a bailout from central government
The Spanish stock market has tumbled, the country's bond yields have shot up and the euro has fallen against the dollar as the country's wealthiest autonomous region, Catalonia, calls for a bailout from central government to pay the bills.
Barcelona falls within Spain's wealthiest autonomous region, Catalonia
By Matthew Sparkes and *******
2:02PM BST 25 May 2012
2 Comments
"We don't care how they do it, but we need to make payments at the end of the month. Your economy can't recover if you can't pay your bills," said Catalan President Artur Mas.
The debt burden of Spain's 17 highly devolved regions, and rising bad loans at the country's banks, are both at the heart of the eurozone debt crisis because investors are concerned they could strain finances so much that Spain, the currency bloc's fourth biggest economy, will need an international bailout.
Just after the announcement this afternoon Spain's IBEX stock market fell 1.1pc, the yield on ten-year Spanish debt rose to 6.24pc and the euro slumped to its lowest level since July 2010, $1.2496.
Catalonia, which represents one fifth of the Spanish economy, has more than €13bn in debt to refinance this year, as well as its deficit. All of the regions together have €36bn to refinance this year, as well as an authorised deficit of €15bn.
Last year many of the regions financed debt by falling months or even years behind in payments to providers such as street cleaners and hospital equipment suppliers.
http://www.telegraph.co.uk/finance/f...overnment.html
why "demands" widely use in spanish speaking country or bad translation
Just saying, real autonomous aspirations would demand they dont get a federal bailout
Tee-hee.
Just saying, real autonomous aspirations would demand they dont get a federal bailout
Made the mistake of calling a Catalonian a Spaniard when i was over there. Never saw smoke coming out of a persons ears before.
Call a Scotsman English and see what happens.
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