Overview

• Twelve PP‑led regions, including the Canary Islands, left the CPFF meeting, which then proceeded with PSOE‑run Cataluña, Asturias and Castilla‑La Mancha to endorse the plan.
• The anteproyecto sets a population‑adjusted distribution with a floor of 19% forgiven for every community and requires regions to sign individual agreements to access relief.
• The Government says the State will assume €83.252 billion and reduce regional interest costs by about €6.7 billion, with the largest nominal write‑offs in Andalucía (€18.791bn), Cataluña (€17.104bn) and Comunidad Valenciana (€11.211bn).
• Galicia rejects the measure as arbitrary and will study a legal challenge, arguing it would receive €4.010bn yet effectively assume around €600m of other regions’ debt and will not opt in at this stage.
• Responses diverge across Spain, with Castilla‑La Mancha welcoming nearly €5bn in relief for fiscal breathing room while Aragón’s president calls the scheme an unjust redistribution of Catalan debt.