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The Catalan President rejects raising taxes and states that a 10% budget cut is enough

February 11, 2011 11:02 PM | CNA / Pere Francesch / Gaspar Pericay Coll

Artur Mas, the President of the Catalan Government answered the Spanish Vice President for Economy, who yesterday suggested that he should raise taxes. He also wants to stop the debate about which percentage of the public expenditure should be cut, after the insistence from Madrid to go beyond the 10%. The Advisory Council for the Economic Recovery met today for the first time. Mas also announced a Catalan summit on economic recovery scheduled for the 25th of March.

The Catalan Parliament allows the Catalan Government to issue new debt

February 9, 2011 10:34 PM | CNA / Pere Francesch / Gaspar Pericay Coll

The Catalan Government’s initiative received the support of its own group (CiU) as well as votes from the opposition: the Catalan Socialist Party (PSC), the Catalan People’s Party (PPC) and the Left-Wing Catalan Independence Party (ERC). The Catalan Minister for Economy Andreu Mas-Colell explained the details of the legal initiative that was passed via an urgency procedure. The initial amount will be of 2,613 million euros.