Spain imposes limits on regions’ budgets

Spain has imposed strict limits on the budgets of its 17 autonomous regions on the 25 November 2010, seeking to defuse concerns about regional spending and debt issuance that could undermine the closely-watched national austerity drive.

ESO: Background information: Spain’s deficit gain fails to ease bail-out fears http://www.europeansources.info/record/spains-deficit-gain-fails-to-ease-bail-out-fears/

ESO: Background information: Cash-starved Catalonia turns to locals http://www.europeansources.info/record/cash-starved-catalonia-turns-to-locals/

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