http://atlanticinternationalpartnershipnews.com/2011/05/atlantic-international-partnership-headlinesspains-region-urged-to-stick-to-dificit-limits/Spain’s finance minister has insisted that all 17 autonomous regions cut their budget deficits to agreed levels amid revived concerns among sovereign bond market investors at the nation’s finances.
Elena Salgado, together with Carlos Ocaña, the budget secretary, and other senior officials, met regional finance ministers in Madrid on Wednesday evening to implore them to comply with a deficit limit of 1.3 per cent of gross domestic product in 2011 and to map out austerity policies for the following three years.
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