Catalonia Calls on Citizens, Spain Government for 2012 Funds
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Catalonia will coax its citizens to buy bonds and seek help from the new government in Madrid to meet its funding needs in 2012 as the spread of the sovereign debt crisis keeps Spain’s largest region shut out of markets.
“The situation on the markets is very difficult now,” Artur Mas, president of the wealthiest of Spain’s 17 semi-autonomous regions, said in an interview in Barcelona yesterday. “The central government has to financially help the regions in order to stabilize the situation in Spain.”