Tue, 28 Aug 2012 19:34:08 GMT
Catalonia to ask for 5bn-euro bailout
On
Tuesday, August 28, Catalonia has asked for a bailout of 5bn euros from the Spanish
government. Catalonia represents one-fifth of the nation's economy. In the meanwhile, Spanish economy contracted
by 0.4% between April and June after a 0.3% drop in the first quarter. On the
top of that, in June, Spain requested 100bn euros of loans from the Eurozone's
bailout fund for its troubled