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Catalonia sets its own deficit limit at 0.14% of GDP from 2018

CNA / Gaspar Pericay Coll

The Catalan Government has approved the new Law of Budget Stability, which foresees a gradual and significant reduction of the deficit in the following years. The law permanently fixes an allowed deficit limit of 0.14% of Catalonia’s GDP from 2018, two years earlier than the deadline required by the Spanish Constitution’s modification. According to the Catalan Finance Minister, Andreu Mas-Colell, the law demonstrates Catalonia’s “strong commitment to budget stability”. In addition, the law creates a fund to return public debt, which will be filled with any additional revenues or budget surplus.

September 28, 2011 01:29 AM

Political leaders and business people from Catalonia, Valencia, Murcia, and Balearic Islands push the EU for the Mediterranean Railway Corridor

CNA / Albert Segura / Gaspar Pericay Coll

The Catalan President Artur Mas has asked the European Union “not to forget about a land that feels European and needs deeper and closer ties with Europe” in the ‘FERRMED Trans-European Cluster Conference’ in Brussels. Previously he has met with the Vice President of the European Commission, responsible for Industry and Entrepreneurship, Antonio Tajani. The Mediterranean Railway Corridor would directly link Central and Northern Europe with Spanish ports and subsequently North Africa.

September 22, 2011 12:06 AM

The external audit on the previous Catalan Government finances confirms a deficit previously predicted of 4.2% for 2010

CNA

The current Catalan Government, which took office last Christmas, hired an external auditor to better understand the state of the public finances. Deloitte has increased the Government’s deficit for 2010, from 3.86% to 4.2%, in line with the last data known and internally audited. The Catalan Minister for the Economy, Andreu Mas-Colell, explained that “one out of every three euros spent [in 2010] was not covered by tax revenues”. The main opposition party, which formed part of the previous Government and was in charge of finances, stated that their management cannot be made responsible for the deficit increase, as the deficit calculation criteria has changed.

September 21, 2011 01:48 AM

The Spanish Government argues once again against language diversity

CNA

The Spanish Constitutional Court has accepted to make a decision on the Spanish Government’s appeal against the Catalan law promoting the Occitan language in the Val d’Aran County, in the Pyrenees. The Val d’Aran has autonomy status within Catalonia, considering its historic links with the Occitan culture. It is the only place where Occitan has the status of preferred co-official language. Now, this status has been cancelled because of the Spanish Government’s appeal. The Catalan Minister for Culture considers the appeal “an attack against language diversity”.

September 19, 2011 11:47 PM

The Association of Regional Legislative Assemblies of the EU asks to participate in the drafting of European directives

CNA

The Conference of the Regional Legislative Assemblies of the European Union (CALRE) has met in Barcelona to discuss their interaction with the European Commission. The association of regional parliaments with legislative powers, such as those in Catalonia, Scotland, North Rhine-Westphalia or Flanders, has asked to participate in the drafting process of European directives.

September 19, 2011 10:12 PM

Catalonia, Valencia and Murcia combine forces for the Mediterranean Railway Corridor to be included as a European priority

CNA / Gaspar Pericay Coll

The presidents of Catalonia, the Valencian Community and the Region of Murcia met in Barcelona to ask the Spanish Government to prioritise the construction and inclusion of the Mediterranean Railway Corridor in the European Transport network. This infrastructure is essential for both the Spanish and European economies, as it would transport freight and passengers non-stop from Gibraltar to Stockholm, passing through Valencia, Barcelona and Lyon. In times of public deficit, there is not enough money to build a railway corridor passing through Madrid, and the Spanish Government has to prioritise the Mediterranean Corridor, which links the main export and industrial centres in the country with Europe.

September 16, 2011 11:16 PM

The Catalan Government is preparing the release of 3,800 million euros in retail bonds

CNA

As carried out on two other occasions in the last year, the Catalan Government is preparing to release of 3,800 retail bonds to get cash. Financial sources informed ACN about the operation, which has not been confirmed by the Catalan Ministry of Economy. The bonds would be offered before November 21st, the day that the bonds issued by the former Catalan Government in autumn 2010 expire.

September 15, 2011 11:25 PM

The Catalan Supreme Court halts the two month deadline to include Spanish as a school language of instruction

CNA

The Catalan Government appealed the order of the Catalan Supreme Court, which insisted that the Catalan school system should be modified in order to comply with the Spanish Supreme Court’s sentence from last December to include Spanish as language of instruction. With the Government’s appeal, the Court’s deadline is automatically suspended, until the Court decides on the appeal. The appeal is based on two sentences from the Spanish Constitutional Court validating the Catalan school model, as well as on the linguistic immersion principle which guarantees social cohesion and equal opportunities.

September 15, 2011 11:19 PM

Fitch lowers Catalonia’s debt rating despite recognising the efforts to reduce the public deficit

CNA / Gaspar Pericay Coll

The rating agency Fitch reduced Catalonia’s long term debt’s appreciation, going from A to A- because of the expected weak economic growth. Nevertheless, Fitch recognised the efforts to reduce the public deficit carried out by the Catalan Government. Fitch has lowered the debt rating of five Spanish Autonomous Communities and given others a negative perspective for the future. The Catalan Ministry of Finance thought that the reduction is due to “the international situation” and stressed that efforts are already made.

September 14, 2011 11:37 PM

The Spanish Parliament supports the current Catalan school model

CNA

A parliamentary motion has been approved, backing the Catalan linguistic immersion model at public schools. It was approved with the votes of all of the parliamentary groups except those from the People’s Party (PP) and the Unión Progreso y Democracia (UPyD). The motion received 192 “yes” votes and 148 “no” ones. It is the Spanish Parliament’s answer to the controversy over Spanish as language of instruction in Catalan public schools.

September 14, 2011 05:28 PM

The European Parliament warns that "to separate students by language would split the country"

Albert Segura

The chairman of the committee on Education, Doris Pack, defends the Catalan model of education and says that people coming from outside Catalonia have to make an effort to learn the language of their new home: "It's like immigration in Germany, we do not have Turkish schools, newcomers need to get used to speak the language", she argued in an interview with the CNA.

September 8, 2011 02:28 PM

Mas warns Rajoy: it is a “great mistake” to attack the Catalan language

CNA

The Catalan President says that he will not work with the conservative PP after the Spanish general election if the party “crosses the red line” and tries to push a language agenda which puts at risk the current Catalan educational system. The leader of the PP in Catalonia, Alicia Sánchez Camacho, says Mas should accept the Courts ruling that have obliged the Government to offer Spanish as well as Catalan as a language of instruction at school.

September 7, 2011 06:21 PM

All Catalan MPs apart those from the PSOE and PP refuse to vote on the Constitutional amendment limiting deficit

CNA

The Constitutional amendment limiting public deficit in Spain has been only approved with the votes from the PSOE and the PP at the Spanish Parliament. Four parties decided to quit the plenary room at the moment of the voting, whilst the Catalan moderate nationalists and the Basque moderate nationalists stayed but decided not to vote. They complained about the way the Spanish Socialist Party (PSOE) and the People’s Party (PP) have negotiated and agreed on the second constitutional reform without the input of the other parties.

September 3, 2011 12:19 AM

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