Deadline for regional bailout requests

Midnight Tuesday is the deadline for the autonomous regions in Spain to apply for a bailout from the €18 billion Autonomous Liquidity Fund (FLA) and so far, nine regions have made applications.

Debts continue to mount

The indebtedness of the autonomous regions has been constantly increasing since 1995, reaching record levels each year. This is despite the commitments to budgetary stability being frequently made in recent years.