Spain says open to extending tariff deficit bond programme

Reuters

MADRID, Oct 4 (Reuters) - Spanish Industry Minister JoseManuel Soria said on Friday that he was open to extending aprogramme which finances any deficit accrued in the electricitysystem through state-backed FADE bonds this year.

Spain had expected a 26-billion-euro electricity tariffdeficit to stop growing this year, but Soria said last month thedebt could grow by up to 3 billion euros in 2013.

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