debt

The Governor of the Bank of Spain, Miguel Angel Fernández Ordoñez, warned about the need to limit the capacity of local and autonomous communities’ administrations to increase their public debt. He wants legal limits. He also alerted that a plan B is needed if the economy worsens.

The Bank of Spain?s Governor demands that autonomous communities and local administrations cut public expenditure even more. He has added that most of the means announced by these public administrations are too far from the level of reductions the Spanish