スペインの地方政府(自治州)は、流動資金欠乏や、債券満期返済により、地方政府(自治州)流動資金(援助)基金:FLA;el Fondo de Liquides Autonomico の180億0000'0000ユーロの基金のうち、債権借金満期返済のために年末までに120億0000'0000ユーロが必要
Madrid, Galicia y La Rioja, únicas comunidades que no pedirán rescate
Emergencia financiera en las autonomías. La falta de liquidez y el acecho de la deuda llevan a las comunidades a sopesar si acuden al Fondo de Liquidez Autonómico
La Junta andaluza apremia al Gobierno por el anticipo de 1.000 millones
Valencia ve "el principio del fin de la crisis"
María Fabra Castellón 4 SEP 2012 - 21:55 CET
Madrid, Galicia and La Rioja, only communities will not require rescue
Emergency financial autonomy. The lack of liquidity and debt stalking carried communities gauge if they go Autonomous Liquidity Fund
The Board urges the Government of Andalusia by the payment of 1,000 million
Valencia sees "the beginning of the end of the crisis"
Mary Fabra Castellón 4 SEP 2012 - 21:55 CET
Autonomy live the most serious financial emergency in its history and the lack of liquidity makes virtually no formulas rejects rescue. Taboos have taken a back seat and acceptance of tools that enable liquidity is more widespread, although not completely clear. The clarity in rejecting funding instruments is already exceptional. The regions have serious problems and know they could get worse.
Sounder communities they plead extreme emergency but only Madrid, Galicia and La Rioja discarded, so emphatic, go Autonomous Liquidity Fund (FLA). In the rest, "at the moment, no," "not in principle", "not for now" are the most common and widespread response to the possibility to apply a portion of the fund that the government wants to provide 18,000 million . But contemplate fleeing the "discard" total atenazadas by the maturity of its debt at year end, that overall amount to 12,000 million euros.
Some regional governments have already recognized the immediate need of money in their coffers even to pay salaries. And pressing, in addition to the implementation of the fund it impossible to negotiate funding with banks that are more in the back guarantees in the autonomous State. The application of advances has become a formula to pressure the Government of Rajoy financial emergency because, in some cases, reaches both the debt and to pay current expenses.
The Autonomous Liquidity Fund is the most extreme conditions repayment plan providers already hosted the summer before most communities. For example, the Ministry of Finance allows proposing to amend their adjustment or instruct the General Comptroller of the State Administration "exercising control missions in the event of default risks are detected," ie, the feared and avoided rescue.
The plan has labeled standards, but also because even shadows autonomy debate what kind of debt is to be able to pay with the money from this fund. Still, not knowing what it will be, most communities face the FLA as an option, more or less close to dispose of its financial difficulties.
»Madrid, La Rioja and Galicia. "We will not use it," is the blunt response department sources Economy and Finance of the Community of Madrid about the possibility of going to the Fund, an instrument of the government to "meet the financial needs (...) while difficulties persist Access to the Autonomous Communities to financial markets ", as stated by the decree regulating the FLA.
President of La Rioja, Pedro Sanz, also eliminates any "ransom demand rate", and argues in the effectiveness of the adjustments, expenditure rationalization and accuracy in forecasting revenues.
A little over a month for holding early elections in Galicia, Alberto Núñez Feijoo Government is the third and last thing to go to the bottom drops sharply as it could be interpreted as a symptom of not doing things right. In any case, that the claim should have absolute validity be absolutely certain that in October will not change the sign of the government.
"Castilla-La Mancha and Castilla y León. The president of Castilla-La Mancha, Dolores Cospedal, has compared the regional rescue fund to pay suppliers, "the Castilla-La Mancha is welcomed." If your Government "were accepted to this new Liquidity Fund for maturities of bank loans would be asked to pay what the previous government and, therefore, does not have to be a negative and create alarm," said wanting to give the same normal which aims the President of Castilla y León, Juan Antonio Herrera, who yesterday said it will appeal "quite naturally" to the Fund if it offers favorable conditions. In addition, Herrera urged to launch "soon", and that "the expectation is closing the doors of regular funding." Thus, the castellanoleonés has been the clearest point out the difficulties they are encountering some autonomy in negotiating with banks, opting to give credits to the State to provide the FLA.
»Valencia. The rush has been uncovered in Valencia, the first of autonomy that would host announced that Liquidity Fund and admitted that he would accept the ransom for their credit imperative. The community asked 3,500 million euros, but does not rule out asking other additional EUR 1,000 million. The Minister for Finance, José Manuel Vela, the Fund believes that "65% will solve the cash flow problems of the communities" and will work in 15 days.
»Murcia. The government of Ramón Luis Valcárcel is another that has already prompted the Fund announced that between 200 and 300 million euros in order to meet its obligations.
»Catalonia. The emergency government of Artur Mas is strongest. Debt maturity for the last quarter amounted to about 5,000 million euros, regardless of the crisis of their expense accounts, which led him to ask for an advance, a bridge loan or any mechanism that allows it to continue to operate until year end.
»Andalusia. Andalucía needs are not limited to debt either, so without disclosing or not attend even if State Fund, the Government of José Antonio Griñán already requested an advance of 1,000 million on account of what the Treasury has to admit you for the collection of taxes, to deal with all types of payments.
»Baleares, Asturias, Aragon, Navarra and Cantabria. Securing financing in the market and even the possibility of negotiating with banks is the reason that leads to these communities to reject, for now, the need for an additional credit of the Government. "It's up to us to keep getting funding from other sources" point sources of finance of the Balearic Government to respond if faced go to the bottom soon. "For now we prefer to keep financiándonos in the market," claims from the same department of Asturias, with a response similar to that offered by the Aragonese government counseling. "Do not turn to look back but do not dismiss outright, if given some extraordinary situation" say wise in Hacienda Navarre. "For now," the Government of Cantabria request does not include a portion of the FLA but "we do not use the word rule," say sources in the Department of Finance.
»Extremadura. "We have no liquidity problems, not urgent, not now and will be determined based on financial market conditions but do not rule out going to the bottom," he explained from the Department of Finance of Extremadura.
'Islands. The autonomous government or rule or support, but remains in that not make a decision "to know the conditions of access." "When made public by the State will evaluate and compare with the traditional financial markets and opt for that formula that is most advantageous, because we have emergency cash, despite being the worst funded community per capita in the system financing ", government sources have indicated canary.
With information from José Marcos, José Precedo Joaquin Ferrandis, Roger and Manuel Planelles Maiol.
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