Catalonia Won’t Oppose Budget Deficit Target, ABC Reports
The regional government of Catalonia will not resort to going before Spain’s Constitutional Court to challenge the budget deficit target imposed on regions by Spain’s central government, ABC newspaper reported.
Catalonia’s finances have collapsed, it can’t meet payments for health care, and is studying the possibility of adhering to a central government aid mechanism, the newspaper said.
As a result Andreu Mas-Colell, Catalonia’s Finance Chief, has asked to start “from zero” and “open channels of dialog,” ABC cited Mas-Colell as saying during a radio interview on RAC1.
To contact the reporter on this story: Sharon Smyth in Madrid at firstname.lastname@example.org
To contact the editor responsible for this story: Andrew Blackman at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.