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Andalusia quits the meeting after one hour. For the first time in democracy, the Catalan Finance Minister did not attend the Fiscal and Financial Policy Council (CPFF), where the Autonomous Community governments and the Spanish Executive discuss the regions’ financial situation and funding. Catalonia refused to attend the CPFF as decisions were taken beforehand by the People’s Party, which runs the Spanish Government and most of the Autonomies for which CPFF decisions are binding. In addition, the Catalan Finance Minister refused to attend the meeting due to Spanish Government’s unilateral decision to oblige the Autonomies to meet a stricter deficit target in 2013, passing from the planned 1.1% to 0.7%. He sent a letter asking for the same flexibility the European Union is giving to Spain.

Catalan political parties, business associations, and many citizens are outraged by the decision to increase toll prices in Catalonia, while in the rest of Spain there are many toll-free highways. The Catalan Transport Minister asked the Spanish Government to implement a “soft toll” throughout Spain, instead of increasing toll prices in Catalonia. He reminded that for some journeys within Catalonia, there are no free of charge alternatives to the tolled highways. Catalan nationalists see this measure as a new proof of Catalonia’s high fiscal deficit, paying much more to the rest of Spain than what it gets in return. The People’s Party (PP), running the Spanish Executive, asked the Catalan Government to reduce the price of its tolls.

A combination of Spain’s economic predictions and Valencia’s formal request to the central government for financial assistance shook the markets on Friday, despite the stringent the austerity measures passed this week and the approved deal to lend up to 100bn euros to the Spanish banking sector. The Spanish government expects an unemployment rate of 24.3% and a fall in GDP of -0.5% in 2013, expecting to be out recession by 2014 and 2015 with a GDP growth of +1.2% and 1.9% respectively. The Valencian Government has requested assistance from the Spanish Government, making it the first autonomous community to ask for emergency financing from the regional liquidity fund.

The Spanish Congress has ratified a new austerity package this Thursday with 180 votes from People’s Party (PP), 131 votes against made up by the other parties and one abstention from the Unión del Pueblo Navarro (UPN). The new measures include the suspension of the Christmas bonus for public sector officials, an increase in VAT, and a reduction in unemployment benefit after the sixth month. The Spanish finance minister, Cristóbal Montoro, defended the measures on the grounds that they are "necessary sacrifices" to enable economic recovery and that "giving up is not recommended or possible". Various groups have protested against the measures, with over 80 demonstrations across the country.

The Spanish vice president, Soraya Sáenz de Santamaría, said the fund is an “extraordinary mechanism” that will force regions that use it to comply with “extraordinary conditions”. The money will come from a €6,000 million loan from the state lottery and the Spanish treasury. The autonomous communities that decide to use the money from the fund will have the responsibility of paying it back and will be subject to a potential intervention by the central government if they do not comply.

6 of the 8 Barça players that won the EURO title with Spain were named to the best team of the EURO. Valdés, Pedro and the Dutchman Afellay are the only Barça players that did not make the all-star team.

The FC Barcelona midfielder wins the award that his fellow Barça teammate, Xavi Hernández, won in the 2008 EURO. Iniesta was named man of the match against Italy (Group Stage), Croatia and in the final against the Azzurri.

Independent auditors state that in the worst possible scenario the Spanish banking system would need up to €62 billion. The Eurozone agreed to put at Spain’s disposal up to €100 billion if needed. In the most likely scenario, the Spanish banking system would require between €16 billion and €25.6 billion. Within the most stressed case, Spain’s three main banks would have enough resources of their own to face difficulties and would not need any additional funding. They are the Barcelona-based CaixaBank and the two international giants BBVA and Banco Santander.

Barça Regal win the Liga title in the last match of the Liga Endesa Finals at an at-capacity Palau Blaugrana. The game against Real Madrid was won in the last seconds of the fourth quarter. Pete Mickeal,with 17 points and 9 rebounds, was the best player of the match. Fran Vázquez also had a brilliant performance. Erazem Lorbek was named MVP of the Liga Endesa Final playoff series.

The Catalan Government’s debt represents 21% of Catalonia’s GDP, and it is in charge of almost half of public spending and manages healthcare, education and other basic services. Catalonia’s debt continues to increase because of the public deficit, but slows down its growth significantly. Over the first quarter of 2012, the Catalan Government’s debt increased by €222 million, while it had grown by €2.34 billion over the same period in 2011. With this last increase, the Catalan Government’s debt reached €42 billion at the end of March 2012.

Barça Regal beat Real Madrid on Wednesday evening thereby forcing a fifth and final game in the Liga Endesa Finals. Lorbek, with 24 points, was the best Barça Regal player on the court. Saturday, at 19:00, the champions of the 2011/12 Liga Endesa will be decided at the Palau Blaugrana

On Tuesday the Catalan Council for Constitutional Guarantees (CGE) declared that the Spanish Government decree cutting €3 billion in education does not respect 2 Constitution articles and 5 other articles from Catalonia’s Statute of Autonomy, being thus unconstitutional and going beyond Madrid’s jurisdiction. The Catalan Government following the CGE’s unconstitutionality assessment decided to bring the education decree to the Constitutional Court(TC), as it did last week with Rajoy’s health decree. However, after the Spanish Government threatened to bring approved initiatives from the Catalan Executive to the TC, the Catalan Government decided to modify the decrees through dialogue and bring the decrees to the TC as a last option.

Spain is once again the favourite team going into Euro 2012. After breaking an international jinx of 44 years in 2008, they have not looked back since and possess a squad oozing with quality. Of the 23-man squad Vicente del Bosque is taking to the European Championship in Poland and Ukraine six are Catalan players. Their first match of the tournament is against Italy on June 10th.

Barça Regal took the first game in the Final play off series of the Spanish basketball league with an astonishing comeback in the last quarter, crowned by a three pointer from inside his own half by Marcelinho Huertas. Barça Regal were 17 points down in the third and 12 the beginning of the fourth quarter. Navarro (21 points), Lorbek (18) and Mickeal (17) outstanding for the hosts.

After some months of uncertainty about the future of this training centre in the Pyrenees, the Spanish Government confirmed that NCOs will be able to continue their studies in the academy, although its activity will be reduced. In the last few months, the Platform for the Pyrenees University presented some alternative uses for these facilities, with the objective of converting them into a civilian academic centre. Another platform, Acadèmia Sí, was created at the same time to fight for the maintenance of the military academy, as it is one of the key actors in the local economy.