The Government allows Junqueras to renew debt for 685 million

Term debt operations for 685 million euros, following the meeting held today in Moncloa by the Vice President of the Catalan Generalitat, Oriol Junqueras, with the Vice President of the Government and the Minister of Finance. Treasury, Cristóbal Montoro. According to Europa Press informed sources of the Executive, the meeting has gone “well” and has developed in a “cordial atmosphere” in which it has spoken of the path of fiscal consolidation, of the autonomic finances and in particular of the expirations to Short-term of Catalan debt.

The request of the Generalitat is that short-term loans were transformed into long-term loans with the support of the Autonomic Liquidity Fund (FLA)- quick loans for students with paydaynow. It is a claim that the Catalan autonomous government has been carrying out for months. However, the Ministry of Finance has not accepted this request so far and neither today, although they will give oxygen to the Generalitat authorizing a new operation of short debt that adds to those already authorized this year.

Soraya Sáenz de Santamaría and Cristóbal Montoro have transmitted to Junqueras that the Council of Ministers tomorrow the Catalan Government to formalize short-term debt operations for 685 million euros. The Generalitat had requested authorization for debt amounting to 5,100 million euros of its short-term maturities in 2016 and part of those it has in 2017. The Executive of Mariano Rajoy authorized last June debt operations worth 4,200 million of euros to cover these maturities in the short term and now it will do so by 685 million through September

 

In today’s meeting, Sáenz de Santamaría and Cristóbal Montoro have reviewed

Debt

Sources of the Generalitat have explained to Europa Press that the vice president of the Executive has recognized that Catalonia is key to the debt capacity of Spain because the good reputation of the growth of the Catalan economy favors the credibility of the State in the ability to return the debt contracted. These sources explain that the vice president has also asked them to be responsible when referring to the independence process initiated by the Catalan government, while Junqueras has replied that the Executive of Mariano Rajoy himself be responsible and not “play with the reputation of Catalonia ”

together with the Catalan vice-president, the consequences of the departure of the United Kingdom from the European Union and the Catalan vice-president has expressed interest in Barcelona hosting any of the institutions that leave the country. The city of London To achieve this, they have agreed to study and coordinate it in the bilateral State-Generalitat Commission. Specifically and according to sources from the Generalitat, Barcelona has been asked to be the headquarters of the European Medicines Agency, which is now in London.