ANDALUCIA has requested a €1 billion loan from central government as it continues to fight mounting debt.
The region – which accounts for around 15% of Spain’s gross domestic product – is the fourth to seek emergency funding, following Valencia, Cataluna and Murcia.
Regional finance chiefs say the money will be used to pay bills in the short-term while a formal request for a state bailout is considered.
Officials in Madrid set up an €18 billion fund in July to help the regions meet debt payments, with Cataluna having requested around €5 billion and Valencia €4.5 billion.
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