WSJ: Spain may intervene to help cash-strapped regions this year as they lose the capacity to fund themselves
MADRID—A senior Spanish government official Monday said Madrid could intervene in at least one of the country’s cash-strapped regions this year, as lack of access to markets and strict budget reduction criteria are hurting the regions’ capacity to fund themselves.
“The way things are going, the regions themselves will request the intervention,” the official said on condition of anonymity. “There are regions with no access to funding, no way to pay bills. That’s why we are going to have to intervene.”
Spain’s government has set a …
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