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CatalunyaCaixa would need at least 1,500 million euros to reach the 10% of ‘core capital’

March 2, 2011 11:33 PM | CNA / Josep Ramon Torné

CatalunyaCaixa won 109.1 million euros in 2010, 1.1% less than in 2009. The second Catalan savings bank is the result from the merger of Caixa Catalunya, Caixa Tarragona and Caixa Manresa. The resulting savings bank currently has 6.9% of core capital, far from the needed 10% by next September. The savings bank already announced its plans to become a regular bank.

In the end, the Catalan Government’s deficit for 2010 is 3.86%

March 1, 2011 11:59 PM | CNA / María Jose Fidalgo / Gaspar Pericay Coll

Spain saw 2010 end with 9.24% of public deficit; 4.97% corresponds to the Spanish Government, 3.39% to the autonomous communities and 0.64% to the local administrations. According to the Spanish Government, half of the autonomous communities saw the year come to an end far away from the objective of 2.4% - Catalonia included. The Catalan Government emphasised that the Spanish Government cut down the revenues of the autonomous communities.