In an interview with the Financial Times this weekend, the Prime Minister Zapatero threatened to intervene in some Autonomous Communities’ budgets. Today the Spanish Secretary for Economic Affairs reiterated this threat. However the Catalan...
The new Catalan Government announced today that the budget for 2011 (currently the 2010 has been extended) will be ready within the next 4 months and approved before the summer break. The Government’s Spokesperson, Francesc Homs, said that for...
Artur Mas, the newly elected Catalan president has a new plan up his sleeve. He will cut 23% of the high-ranking positions and reduce the number of political advisers. Public organisations and quangos will also be affected by this austerity...
The Governor of the Bank of Spain, Miguel Angel Fernández Ordoñez, warned about the need to limit the capacity of local and autonomous communities’ administrations to increase their public debt. He wants legal limits. He also alerted that a...
The Bank of Spain?s Governor demands that autonomous communities and local administrations cut public expenditure even more. He has added that most of the means announced by these public administrations are too far from the level of reductions...
Government and unions clash over success of strike action. Official figures suggest 11% of participation while unions raise the figure up to 75%. The salary cuts within the public sector adopted by the Spanish Government have infuriated the unions.
