Six Spanish Regions May Seek Bailout After Valencia, Pais Says
By Sharon Smyth
Juli 21, 2012 5:20 AM EDT
Juli 21, 2012 5:20 AM EDT
The Balearic Islands and Catalonia are among six Spanish regions that may ask for aid from the central government after Valencia sought a bailout, El Pais reported.
Castilla-La-Mancha, Murcia, the Canary Islands and possibly Andalusia are also having difficulty funding themselves and some of these regions are studying plans to tap the recently created emergency-loan fund that Valencia said it would use yesterday, the newspaper said, without citing anyone.
Spain created the 18 billion-euro ($23 billion) bailout mechanism last week to help cash-strapped regions even as its own access to financial markets narrows.
To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net
To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net
http://mobile.bloomberg.com/news/2012-07-21/six-spanish-regions-may-seek-bailout-after-valencia-pais-says.html
Castilla-La-Mancha, Murcia, the Canary Islands and possibly Andalusia are also having difficulty funding themselves and some of these regions are studying plans to tap the recently created emergency-loan fund that Valencia said it would use yesterday, the newspaper said, without citing anyone.
Spain created the 18 billion-euro ($23 billion) bailout mechanism last week to help cash-strapped regions even as its own access to financial markets narrows.
To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net
To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net
http://mobile.bloomberg.com/news/2012-07-21/six-spanish-regions-may-seek-bailout-after-valencia-pais-says.html
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