Finance Minister Luis de Guindos has indicated that he may be willing to review deficit targets for Spain's regions, if the European Commission will consent to lower deficit targets for the Spanish state in 2013.
A more attainable deficit target is apparently one of the key demands of the Catalan regional government which has just asked for another bailout.
De Guindos was speaking on the occasion of a Madrid meeting with EU Economic and Monetary Affairs Commissioner Olli Rehn.
For his part, Rehn insisted on the need to persevere with reforms to fight unemployment, which now affects 26 per cent of Spain's working population.
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