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Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 30 August 2012 [View all]
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(108,903 posts)30. Valencia ups bailout request from Spain government
http://www.bbc.co.uk/news/business-19422198
Valencia has said it will need a bigger bailout from Spain's central government that it previously expected.
The region will ask for 4.5bn euros (£3.6bn; $5.6bn), more than had been suggested when it first made the plea earlier this summer, a spokeswoman confirmed.
This week, debt-ridden Catalonia also asked for a bailout of 5bn euros.
A 18bn-euro public fund was set up by Madrid to aid its 17 autonomous regions, which are in deep debt.
Valencia has said it will need a bigger bailout from Spain's central government that it previously expected.
The region will ask for 4.5bn euros (£3.6bn; $5.6bn), more than had been suggested when it first made the plea earlier this summer, a spokeswoman confirmed.
This week, debt-ridden Catalonia also asked for a bailout of 5bn euros.
A 18bn-euro public fund was set up by Madrid to aid its 17 autonomous regions, which are in deep debt.
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Matt Taibbi: Greed and Debt: The True Story of Mitt Romney and Bain Capital
DemReadingDU
Aug 2012
#13