Spain to Guarantee Catalonia Creditor Payments After Referendum
- Budget Ministry sees stability even as illegal vote approaches
- No escape for Catalan taxpayers who miss payments: Official
Rebel Catalonia Goes to Vote on Sunday
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Lenders who may be holding their breath over Spain’s secessionist upheaval can sleep calmly.
The central government will guarantee payment to all creditors of the Catalan regional administration, according to a Budget Ministry official. Regardless of Catalan separatists’ attempts to hold an illegal referendum for independence on Sunday and possibly declare independence from Spain, the ministry will make sure banks, suppliers and civil servants keep getting paid on time, the official said.