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    Freeing up Spain's Autonomous Communities

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    Published on Monday, January 30, 2017 | Updated on Sunday, May 13, 2018

    Freeing up Spain's Autonomous Communities

    The Autonomous Community Liquidity Fund succeeded in reducing the cost of regional financing and avoiding the need for more procyclical fiscal policies. Nevertheless, having achieved that goal, there is now a need to implement a plan that allows regional governments to return to market-based financing.

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