All posts tagged: repayment

Catalonia Sues Aragón for Repayment Over Restitution of 56 Artworks

Catalonia Sues Aragón for Repayment Over Restitution of 56 Artworks

The Catalan government in Spain sent a formal demand to the Aragonese government asking for €791,000 (around $920,000) to recoup costs related to the value and upkeep of artworks from the Royal Monastery of Santa María de Sigena it was ordered to return in 2017, according to a report in El País. Of the 56 works, 12 had been kept at the National Art Museum of Catalonia and 44 at the Diocesan Museum of Lleida. The works were removed from the monastery in 1936 to protect them from ruin during the Spanish Civil War. In a ruling in 2021, the Supreme Court in Spain stated that “the items formed part of the artistic treasure of the Monastery of Sijena at the time it was declared a National Monument [in 1923], and therefore the protection afforded by that declaration must also extend to that artistic treasure.”  As noted by El País, the Catalan government stated in the document sent to the Aragonese government that “the consequence of declaring the purchase agreements null and void is the …

France and Greece call for delaying Covid debt repayment and for more EU bonds – POLITICO

France and Greece call for delaying Covid debt repayment and for more EU bonds – POLITICO

The Greek prime minister was on the same page. “What sense does it make right now to go and repay the Recovery Fund, thereby eating into the budget for the next six years, when we have no reason to do so and when there is strong demand for European bonds that will also make us stronger as a European Union?” said Mitsotakis. Mistotakis and Macron, who lead respectively the most-indebted and third most-indebted countries in the EU, are expected to defend their position in tense negotiations around the EU’s €1.8 trillion multi-annual budget for 2028-2034. The option of rolling over the Recovery Fund debt was mentioned by several EU leaders on Friday during an informal meeting in Cyprus as the EU is due to start repaying €25 billion a year from 2028 on the joint debt it issued to tackle the economic fallout from the Covid pandemic. But frugal countries have pushed back strongly. “This is not going to happen,” one EU diplomat said on the sidelines of the Council meeting. German Chancellor Friedrich Merz …