MADRID CREATED A FUND TO HELP REGIONS

The

Monde.fr with AFP | • Updated

            

The Spanish supervision has imposed upon regions revoke their deficits to 1.5% in 2012 opposite 2, 94% in 2011.
The Spanish supervision has imposed upon regions revoke their deficits to 1.5% in 2012 opposite 2.94% in 2011. | AFP / DOMINIQUE FAGET

But

regions in lapse contingency have unusual efforts, pronounced a supervision spokesman, Soraya Saenz de Santamaria. “They have a necessity they can not finance. If they review to unusual mechanism, a conditions additionally will be extraordinary” , she said.

“IMPORTANT TRANSFER” MONEY IS

Emblems of a country’s informative diversity, a Spanish regions, that suffer substantial autonomy, were obliged in 2011 dual thirds of a mercantile slippage in Spain, that has an amassed necessity of 8.9% GDP in 2011, opposite 6% promised.

The supervision has imposed to revoke their deficits to 1.5% in 2012, opposite 2.94% in 2011. He reported a necessity “zero” in a initial entertain for a regions, though but concurred that they would have a necessity of 0.45% of GDP but a ” poignant transfers “ of income surf stay agadir from a state progressing this year.

Spain, that has only benefited surf stay agadir from a decrease of a necessity rebate aim by a European Union needs to do is revoke a necessity to 6.3% in 2012.

Read: “Madrid announces brand new savings”