El País headline: ‘Unemployment reaches its worst October rise in Catalonia since 2008’. It turns out that unemployment (in Barcelona province at least) now stands (according to the Ministerio de Empleo) at 12.56%.
Contrast this with the national rate at 16.38% and, for example, Almería at 27.65% with Córdoba standing even higher.
A lengthy title from El Confidencial: ‘Hacienda Minister Montoro takes over the Madrid accounts, but pardons several regions that fail to comply since 2007 – including Catalonia, Castilla-La Mancha, Murcia and the Comunidad Valenciana, which have not met their deficit targets for a decade without the Treasury having reinforced its budgetary control’.
The article begins ‘The relationship between the Ministry of Finance and Madrid City Council was a brittle one. The severity of the ministry’s control of its budgets and the town hall’s brazenness in announcing that it would fail to comply with all the demands from Hacienda never expected an amicable resolution.
Finally, it was the minister, Cristóbal Montoro, who pulled the plug. On Monday evening, he informed the ayuntamiento of his decision to control its spending on a weekly basis in order to supervise all the outlays from Madrid.
An unprecedented decision, since the coercive measures included in the Organic Law on Budgetary Stability and Financial Sustainability (LOEPSF) had never before been activated due to non-compliance with the objectives…’.