Special report | Unfair shares

The problems of Spain’s decentralisation

Regional finance is a murky battleground

FOR A DIFFERENT view of the problems of decentralisation, head to Valencia, Spain’s third city and the capital of a region of 5m people. The PP governed the region from 1995 until 2015 and pursued a grandiose dream of turning it into a Spanish Florida. It brought in Formula 1 motor racing and America’s Cup sailing, and invested billions in the City of Arts and Sciences, a controversial complex of fantasy buildings designed by Santiago Calatrava, a local boy who became a famous architect.

Elsewhere in the region, it spent €265m ($310) on film studios in Alicante which were subsequently closed down because they violated European law on public subsidies. In Castellón it spent €150m on an international airport with only a small handful of flights every day. Several of the PP’s regional leaders are in jail for corruption and others face trial.

This article appeared in the Special report section of the print edition under the headline "Unfair shares"

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