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July 31st, 2012 
FAKE NEWS for the Zionist agenda “It is due to a problem of liquidity,” a spokeswoman for the Catalan regional government’s economy ministry said on Tuesday.
The government of the northeastern region is reportedly suspending close to 400 million euros worth of payments to head off its liquidity problem.
However, the total amount of suspended grant payments was not publicized by the government
.
“We are trying to regulate the payments of some items, so we can’t give a global figure,” the spokeswoman added.
The economy minister for Catalonia says the situation is expected the go back to normal in September.
Some 100,000 workers could be deprived of their salaries for the month of July, according to the Catalan Confederation of Social Services Associations
.
Regional governments in Spain are under pressure from the central government to lower the country’s deficit to stem off a debt crisis.
Regional communities of Valencia, Murcia, and Catalonia have asked for financial aid from the central government of Spain, adding to the woes of the European Union member state.
Catalonia, which accounts for about one fourth of Spain’s total economic output, has cut public sector wages, introduced a one euro charge for each medical prescription and frozen infrastructure investments as it seeks to bring its public deficit under control
.
Spain is now in a catastrophic financial situation similar to that of Greece, Ireland and Portugal, which have been forced to seek international bailouts shortly after their bond-yields exceeded the seven percent threshold.
The EU member state has been struggling with its economy since the country’s collapse into recession as the result of the global financial crisis roughly five years ago.
PG/JR
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