F1 commercial rights holder Bernie Ecclestone has said that a deal is set to be struck that will see Spain host just one grand prix from 2013 onwards.

Currently the country has two races on the calendar, with the Spanish Grand Prix being run at Catalunya and the European Grand Prix on the streets of Valencia.

Question marks have been raised about the future of both races in recent months thanks to the current economic situation, with Ecclestone having suggested that the best option would be for the two venues to share hosting of a single Spanish race - in much the same was as Hockenheim and the Nurburgring share the German GP.

Speaking to Cadena Ser, Ecclestone has now revealed that both parties have agreed - in principle - to share a single Spanish race.

"Barcelona and Valencia have agreed that the best thing is to alternate and now we are trying to decide on the dates," he said. "It's simply a way for us to try and help Valencia and if by alternating with Barcelona it helps them, then it's a good solution.

"Obviously, the year Valencia does not host the event it would not have to pay anything."

Ecclestone confirmed that both races will go ahead as planned this season, with Vicente Aguilera - president of the Catalunya circuit - saying discussions about the future were ongoing.

"We are negotiating and we have a positive attitude," he told Marca. "In part because Bernie thinks it is a good idea, and also because we have to find something that is sustainable for the country.

"At this moment nothing is agreed. We are negotiating and there has to be a three-way agreement."

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