The chart of the Spanish regions’ debt

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.


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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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