MADRID (MarketWatch)
The government of the Spanish region of Valencia said
Friday it will apply for financial aid from a newly created government fund, as
it struggles to refinance maturing debts
“Valencia, like other regions, is suffering the consequences of liquidity
restrictions in markets which are a result of the economic crisis,” the region
said in a statement
The central government launched the fund last week, and said it would lend out a
maximum of 18 billion euros ($22 billion) to regions before the end of the year
In exchange for receiving the emergency funding, regions will have to reduce
their budget deficits by more than they had earlier planned
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
Cortesía de Investing.com
Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
viernes, 20 de julio de 2012
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