rescue

Germanwings aircraft from Barcelona to Düsseldorf crashes in French Alps with 150 on board

March 24, 2015 01:30 PM | ACN

A Germanwings Airbus A320 airliner covering the route between Barcelona El Prat and Düsseldorf has crashed in the French Alps on Tuesday around 11am (CET), according to initial information from the radio station Europe 1. According to the French President, François Hollande, it is very likely that "there will not by any survivors". The GWI9525 flight, run by Lufthansa's low-cost company, was carrying 144 passengers and 6 crew members (2 pilots and 4 cabin staff). The Spanish Government announced there were "45 people with Spanish surnames" on board, and 42 passengers were of Spanish nationality, announced Germanwings. The Vice President of the Catalan Government, Joana Ortega, is heading to the area.

Catalonia considering financing from the regional liquidity fund, but rejects claims it is seeking a rescue

July 24, 2012 06:58 PM | CNA

Catalonia has not asked for a rescue from Spain, said the spokesman of the Catalan government, Francesc Homs. At a press conference, Homs denied reports that Catalonia is seeking a full bail-out, but admitted the government is considering participating in the Regional Liquidity Fund. “This is a treasury mechanism”, said Homs, who added that by using the fund Catalonia would not have to meet “any new set of conditions”. When presenting the €18bn fund last week, the Spanish government said the aid will be only offered under “strict conditionality”.

Spain will not require a full sovereign bailout, says Luis de Guindos

July 23, 2012 09:15 PM | CNA

The Spanish Economy minister said on Monday that the state will “absolutely not” require a full rescue package such as the one taken by Greece, Ireland or Portugal. Speaking at a parliamentary hearing, De Guindos said that the Spanish economy is competitive and has “capacity to grow” unlike other struggling European countries. However, markets seem unconvinced by Luis de Guindo’s remarks, pushing the ten-year Spanish bond yields to more than 7.5%. Doubts about the autonomous communities financing capacity are also affecting the situation, especially after Valencia announced that it will ask for about 3,500 million euros from the Spanish Liquidity Fund. Catalonia, the most indebted community in Spain, is still considering whether to use the money from the fund, and will only decide after studying “the set of conditions” attached to it.