(ANSAMed) - MADRID, JULY 31 - Catalonia is boycotting this
afternoon's meeting between the autonomous regions and Spanish
Finance Minister Cristobal Montoro, Catalan government
spokesperson Francesc Homs said at a press conference on
Tuesday. Rather, Catalan finance minister Andreu Mas-Colell has
written Montoro a letter requesting he ''rectify his policies,''
Homs said.
Catalonia has accused the central government of not extending to the autonomous regions the EU deadline extension on deficit reduction it has obtained for itself, thus ''making their financial situation unbearable.'' Spain is imposing regional deficit-reduction targets of 1.5% of GDP in 2012, 0.73% in 2013, and 0.1% in 2014. In what is its third cash flow crisis in the past few months, Catalonia today announced it is suspending its July 400 million euro payment for hospitals, schools, and public services, putting 100,000 public employee salaries at risk.
The region requested aid from Spain's 18 billion euro regional bailout fund a week ago. (ANSAMed).
Catalonia has accused the central government of not extending to the autonomous regions the EU deadline extension on deficit reduction it has obtained for itself, thus ''making their financial situation unbearable.'' Spain is imposing regional deficit-reduction targets of 1.5% of GDP in 2012, 0.73% in 2013, and 0.1% in 2014. In what is its third cash flow crisis in the past few months, Catalonia today announced it is suspending its July 400 million euro payment for hospitals, schools, and public services, putting 100,000 public employee salaries at risk.
The region requested aid from Spain's 18 billion euro regional bailout fund a week ago. (ANSAMed).
