Public debt in Spain is skyrocketing, with the deficit at 5%. But Madrid blame much of the budget woes on the regions. Catalonia is most cash-strapped. The regional government isn’t even able to pay for medications.
Spanish Prime Minister Pedro Sanchez's political allies have pulled their support for his budget proposals. The move casts doubt over the future of Spain's new government which was sworn in just two months ago.
Socialist Pedro Sanchez has been sworn in as Spanish premier after his predecessor, Mariano Rajoy, lost a no-confidence vote. This comes as the unruly region of Catalonia gets a new government under a separatist leader.
For the first time since 2007, France's public deficit is finally within the set EU limit. While boosting the president's aim of convincing Berlin to support eurozone reform, some now want to spend rather than save.
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