Six Spanish Regions May Seek Bailout After Valencia, Pais Says
The Balearic Islands and Catalonia are among six Spanish regions that may ask for aid from the central government after Valencia sought a bailout, El Pais reported.
Castilla-La-Mancha, Murcia, the Canary Islands and possibly Andalusia are also having difficulty funding themselves and some of these regions are studying plans to tap the recently created emergency-loan fund that Valencia said it would use yesterday, the newspaper said, without citing anyone.
Spain created the 18 billion-euro ($23 billion) bailout mechanism last week to help cash-strapped regions even as its own access to financial markets narrows.
To contact the reporter on this story: Sharon Smyth in Madrid at firstname.lastname@example.org
To contact the editor responsible for this story: Andrew Blackman at email@example.com