April 27th, Salgo Denies Funding to Madrid, Catalonia, Murcie, and Balearic Islands

For my final local news story I decided to make sure to use one which I could only find in Spanish so that I got the true experience of trying to read it and decipher what was happening in the article and thus in the local news from it. With this article the Vice President and Minister of the Economy and State, Elena Salgado rejected to provide Madrid, Catalonia, Murcie, and the Balearic Islands with a fund of competitiveness. The problem with this decision is that these areas felt as if they had been assured this compensation and had now been cheated out of this funding. The government stated "legal reasons" as well as not wanting to break their allotted spending ceiling as reasons for not granting this fund. The government also ensures that Catalonia specifically has already received more than 11,000 million euros under the new funding system. This system was created and planned in order to re-balance a number of these communities and get them on the right track monetary wise. I selected this local news story because at home I am a Finance & Economic Consulting major so this is the type of story that I would typically study and the information that I follow in the United States for my classes. In class typically we would discuss this article and speculate on what would happen as a result of this financial decision. Reflecting on this article has made me realize how much I have grown in regards to cultural and other areas of knowledge not related to finance or economics. Here in Barcelona I have had the opportunity to study Photography, History, Architecture and Painting, and Communication and all of those topics has diversified me a lot as a student and in general as an individual. I am so very lucky that I got to experience this diversification in Barcelona of all places!