Spanish "El Pais" 23 reported that the local government of Valencia will be the central government Spain to apply for more than 2 billion euros of aid loans, but eventually be able to get the size of the assistance payment is needed depending on the country's local government aid applications. Spain, another local government Murcia government said that may apply of 200000000-300000000 euros bailout funds.
With the increased risk of Spanish local governments apply for aid, the soaring cost of government financing. At Beijing time 23 18 Spain 10-year bond yields soared to 7.49 percent, and again to refresh the highest on record since the establishment of the euro area.
The Spanish government has confirmed that Valencia has become the country's first local government to the central government to seek relief. According to national newspaper reports, in addition to the six local government may step Valencia followed the help, including Catalonia, Castilla - La Mancha, the Balearic Islands, Murcia, Canary Canary Islands and Andalusia. According to Reuters on the 23rd, with smaller economies Murcia is likely to become the second Spanish local government for help.
On the 13th, the Spanish central government relief fund set up a scale of 18 billion euros to rescue cash-strapped local governments. According to Reuters, said leaders of the Murcia Autonomous Region waka Sale, the region plans to apply to the use of this fund and hope that the funds can be appropriated in September. He said: "the scale of the amount of Murcia for help about between 200000000-300000000 euros, the additional conditions of the assistance will be very severe. Murcia will be required to repay a loan of 430 million euros in the second and third quarters of this year, at present the The regional government cash has been depleted.
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