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Catalonia has transferred 8% of its GDP every year since 1986 for services and investments in the rest of Spain

March 13, 2012 09:57 PM | CNA / Gaspar Pericay Coll

In 2009, Catalonia financed € 16.41 billion of services and investments in the rest of Spain, which represents 8.4% of Catalonia’s GDP. According to the Catalan Finance Minister, Andreu Mas-Colell, out of every euro paid by Catalan citizens with their taxes, 43 cent is invested outside of Catalonia. The Catalan Government released the latest data regarding the fiscal relationship between Catalonia and Spain, corresponding to the 2006-2009 period, known as “the fiscal balances”. Mas-Colell underlined the “fiscal deficit” Catalonia suffers from, which is “unsustainable” and harms Catalan citizens and the country’s economy.

Catalan President announces a 5% cut in public salaries to meet 2012 deficit targets

March 12, 2012 11:46 PM | CNA / Gaspar Pericay Coll

The Catalan Government had already approved a 3% reduction of public salaries during the current year, which will now be increased to 5%. However, the President of the Catalan Government, Artur Mas, explained that the measure would be cancelled if the Spanish Government approved a similar reduction, in order not to harm public employees with two salary reductions. The People’s Party supports Mas but the Left-Wing opposition parties have criticised the measure and have said that there are other ways to reduce the deficit. Mas demanded that the Spanish Government include the funds it legally owes Catalonia in its budget for 2012 which would avoid further cutbacks.

The stock of unsold new houses remains at 107,000 in Catalonia and 818,000 in the whole of Spain

March 10, 2012 12:09 AM | CNA / Julia Reinecke

A study by a Catalan savings bank CatalunyaCaixa recommends helping young people to rent empty apartments in order to reduce the stock. The stock is expected to rise to 131,100 houses in Catalonia, while in the whole Spain the figures will reduce to 693,000 by 2015. However the situation is not the same throughout Catalonia, and some places such as Barcelona have a smaller stock in relation.

Catalunya and València to alternate the Formula 1 race every two years starting in 2013

March 9, 2012 11:14 PM | CNA

Bernie Ecclestone has confirmed that both circuits will share one Grand Prix from 2013. That year the race would be held in the Catalunya Circuit and València would not host any F-1 race. In 2014, it would be the other way around. Due to the economic crisis, the Catalan Government proposed this solution to the Valencian Executive in May 2011, but they refused. Now, Valencia’s Government has confirmed the agreement, which still needs some details to be confirmed such as the date in which it will be held. Catalonia has host a Formula-1 Grand Prix since 1991 in a racing circuit in Greater Barcelona. València organised its own Grand Prix from 2008 onwards.

Catalonia’s Supreme Court validates the current linguistic immersion public school model

March 9, 2012 12:02 AM | CNA / Gaspar Pericay Coll

The highest Catalan court has clarified how to execute the sentence of the Spanish Supreme Court that had recognised the right of 3 families to school their children in Spanish and not in Catalan. These families will have their individual rights respected, but the current school model will not be changed. Catalonia’s education model has been validated twice by the Spanish Constitutional Court and has been in place over the last 30 years, guaranteeing full knowledge of both official languages –Catalan and Spanish– by all its pupils. Experts advise that the current school model prioritises the weakest official language –Catalan- following the principles of equal opportunities and social cohesion. The model has been praised by UNESCO, the European Commission and the European Parliament.

FC Barcelona vs. Bayer Leverkusen: The champions are a goalscoring machine (7-1)

March 8, 2012 01:43 AM | Roger Bogunyà

Five goals from a stratospheric Messi and two more from Tello crushed Bayer 04 Leverkusen at the Camp Nou, to qualify FC Barcelona for the quarter-finals of the Champions League. The 5 goals from Messi are an absolute record in the Champions League. Messi put Barça 2-0 up in the first half and completed his full-house in the closing stages, six minutes before Bayer Leverkusen scored their consolation goal in injury time. Two goals from the young Tello in the second half completed Barça’s score.

The BBVA buys Unnim Banc and becomes Spain’s largest bank

March 7, 2012 11:21 PM | CNA / Gaspar Pericay Coll

The Bank of Spain has decided to allocate the Catalan Unnim Banc to the BBVA. With the operation, the BBVA will become Spain’s largest bank, ahead of Banco Santander when considering asset volume. The BBVA will pay €1 for Unnim and €300 million for 20% of the expected real estate losses. The remaining 80% and the public funds already allocated, which correspond to almost €2 billion, will be assumed by the Deposit Guarantee Fund, paid by all the banking sector combined with public funds. Unnim was intervened by the Bank of Spain in September, since it could not reach the required core capital and was too exposed to toxic assets. Unnim was the result of the merger of 3 Catalan savings banks from the 19th century: Caixa Sabadell, Caixa Terrassa, and Caixa Manlleu.

Guardiola: “We’re playing to win and to qualify for the Champions League quarter-finals”

March 7, 2012 04:38 PM | Anna Segura

The Barça manager will not instruct his team to play defensively to protect the 1-3 lead they have over the Bayer Leverkusen. Guardiola admits that the Champions League “is a beautiful competition that allows us to take a break from the Spanish League”. On Piqué’s controversy related to the referees’ actions, Guardiola completely agrees with the FC Barcelona’s stance.