spanish

The Spanish Budget for 2012 violates approved laws regarding investment in Catalonia

April 3, 2012 10:08 PM | CNA / Gaspar Pericay Coll

The Spanish Government will not respect the territorial funding scheme, approved by the Spanish Parliament and in a referendum, as it will only invest 11% of its regional spending in Catalonia. According to the current legislation, in order to compensate for an historical lack of infrastructural investment in Catalonia recognised by the Spanish Parliament and the Constitutional Court, the Spanish Government must invest at least the equivalent of Catalonia’s economic weight within Spain, which represents 18.7% in 2012. Furthermore it does not include €1 billion pending from 2008 and 2009, to which Catalonia is legally entitled.

General Strike: irregular support, massive demonstrations, isolated violence and no changes in the Labour Reform Law

March 30, 2012 04:38 PM | CNA / Gaspar Pericay Coll

The General Strike on March 29th ended without significant changes in the Spanish Government’s Labour Reform, but with a clear acknowledgement that there is growing social anger. The strike was unevenly supported in Catalonia. Unions talked about sector strike participation ranging between 97% and 57% and the Catalan Government about strike participations ranging between 24% and 10%. Minimum services worked as planned, without any significant incidents. Demonstrations took place in the main Catalan cities, with the largest in Barcelona. Isolated violent incidents were the only negative parts of what was a relatively calm day.

The Catalan Government supports creating ‘hispanobonds’, Autonomy bonds with a Spanish Government guarantee

March 28, 2012 01:36 AM | CNA

The Spanish Minister for the Economy, Luís de Guindos, announced in Barcelona the future creation of the so-called ‘hispanobonds’, common bonds issued by the Autonomous Communities and backed by the Spanish Treasury. The objective is to reduce high interests rates, and thus the financial costs that the Autonomous Communities have to pay when they turn towards financial markets to get liquidity. The Catalan Finance Minister proposed the original idea several few weeks ago.

Guardiola on FC Barcelona vs AC Milan: “to be champions again, we’ve got to beat the best”

March 16, 2012 06:56 PM | Vanessa Forns

The Barça manager reckons the real tests are only about to begin, in all of the Champions League, Spanish League and Cup. From now on, he warns, “there is no turning the page after any setbacks.” He also feels that it will be of benefit to everybody that the return leg of the Champions League quarter final against AC Milan will be at the Camp Nou. Besides, Guardiola said on Abidal that right now nothing is more important than “finding a solution to the illness he’s suffering so that he can carry on with his life”.

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.