The government plans to unveil details of the Bankia refinancing plans, and of how the Treasury intends to deal with heavy debts built up by the country's regional authorities, on Friday, the official said.
The Spanish Treasury, meanwhile, announced it is unfreezing €510.5 million in funds earmarked for the Andalucia regional authority. The government blocked the payment after doubts emerged over whether Andalucia would abide by a commitment to control expenditure. The Treasury said in a statement it was releasing the funds after a written undertaking from the Andalucia government to comply with spending plans previously agreed with Madrid.
Barry Hatton contributed to this story from Lisbon, Portugal.
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