MADRID | The chain of default warnings is getting larger. If the regions of Murcia and Catalonia confirm they need help from the €18-billion central fund to repay its debt maturities, as Valencia explicitly did on July 20, the autonomous bailout would reach so far €7.7 billion. Of them, €6 billion could be made available with almost immediate effect, as Loterías del Estado would be the lender.
The regions’ short-term debt in the markets is €8.189 billion, and there are €55.226 billion in long-term securities. Their debt with financial institutions in the short term sum up to €13.77 billion, and 37.8 billion in the medium and long terms. Readers can get the picture from this chart prepared by BNP Paribas in Spain.