With an economy the size of Portugal’s, Catalonia accounts for 16 percent of Spain’s population, 19 percent of gross domestic product and 27 percent of its exports. With 30.3 billion of debt, however, represents 28 percent of Spain’s combined regional debt pile. Catalonia is planning to cut public spending by 10 percent this year. The story by Raphael Minder is published on the International Herald Tribune.
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