Economy The European Central Bank excluded Catalonia from its debt purchase program insolvency – Telam

The European Central Bank (ECB) excluded the Spanish region Catalonia of its program of buying debt due to insolvency, today published the newspaper “El Mundo”.

Catalonia was not on the list of bonds across Europe is . willing to buy the institution to promote economic growth, a list to which acceded the Spanish newspaper, according to DPA agency

it is the only Spanish region ruled by the ECB; the titles of the region, immersed in a process of secession from the rest of Spain, do not meet minimum solvency requirements to be on the list, according to “The World”

Fitch, Moody’s and Standard & amp;. Poor’s the three main agencies world rating, have qualified the Catalan debt junk status.

Catalonia is unable to raise finance itself and is financed by the Liquidity Fund Autonomic instrument created in 2012 during the crisis so that the regions problems can cope with payments due to the lack of liquidity in the markets.

the Executive of the independence Carles Puigdemont asked in March helps the Spanish government of Mariano Rajoy, who brokered for Standard & amp; Poor’s will not put the Catalan debt selective default.