Catalonia requests more aid from Spain

LONDON (ShareCast) - Spain country's autonomous community Catalonia has requested even more bailout funds from the central government.

The news comes as Spain prepares to report fourth-quarter gross domestic product (GDP) on Wednesday morning

The so-called "Fondo de Liquidez Autonómica" (FLA) is a credit line established in July 2012 in order to provide government financial assistance for the Spanish autonomous regions.

The Catalan regional government requested €9.1bn for 2013, compared with the €5.37bn it asked for last year.

The requested amount equals 40% of the total FLA funds (€23bn) currently assigned for 2013.


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