According to Spanish media reports, Spain Valencia regional government yesterday issued a warning that if the central government did not carry out its relief, the region's debts may be forced to default. In addition, the size of the Portuguese banking sector in June to the European Central Bank borrowing hit a new high.
 
Although the central government of Spain was through a loan of 135 million euros in July to ease the debt crisis in the Valencia region, but Valencia will face a ? 115 million of new debt due by the end of August. Valencia regional government said that Valencia could not make it through August.
 
The Spanish government had to adopt a new debt issuance mechanism, the mechanism to empower the Treasury to issue bonds and bond allocation to the regional governments, but only if these areas must meet the deficit target and implement harsh austerity plan.
 
The latest data show that the Portuguese central bank announced on its official website on the 9th June the size of the Portuguese banking sector borrowing from the European Central Bank on a monthly basis an increase of 3%, reaching a record high.
 
The data show that the size of the funds borrowed by the Bank of Portugal in June by the European Central Bank a variety of credit instruments rose to 60.5 billion euros, 58.7 billion euros in May.



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