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How the Catalan economy benefited under Franco and what it means now
Spain’s central government has temporarily Catalan autonomy suspended using article 155. This unprecedented and controversial measure allows the Spanish government to take over the management of the region and to call regional elections to the Catalan parliament. The result of such elections can probably be a balance of power between separatist and anti-separatist forces very …
Catalonia could be an extremely prosperous economy and an EU Member State | The independent
It is not for foreign economists to take a position on the independence of Catalonia, because it is for the peoples of Catalonia and Spain to decide. What can be said, however, is that if Catalonia were to become a fully independent country, there is no reason why it should not – after a period …
How the Catalan economy benefited under Franco – and what that means for the current stalemate
Spain’s central government has temporarily Catalan autonomy suspended using article 155. This unprecedented and controversial measure allows the Spanish government to take over the management of the region and to call regional elections to the Catalan parliament. The result of such elections can probably be a balance of power between separatist and anti-separatist forces very …
The Catalans make symbolic cash withdrawals | Business | Economic and financial news from a German perspective | DW
“It’s time to show that even small steps, if taken by many of us, can change a lot,” said Catalan pro-independence group Omnium Cultural, one of several organizations that have called on Catalans to withdraw money from banks that have recently moved. their headquarters elsewhere amid the current political crisis. He argued that pressure should …
The Catalan crisis adds new problems to the Spanish economy
The escalating political crisis in Catalonia has prompted Spain to downgrade its growth forecast for 2018, according to the government, a sign that tensions are hurting economic sentiment. In a letter submitted Tuesday morning by the center-right Spanish government to European authorities, he said the economy would grow by 2.3% next year instead of the …
Imagine an independent Catalan economy | Business | Economic and financial news from a German point of view | DW
The idea of ​​an independent Catalonia has been discussed for almost a century, but the events of the last fifteen weeks have dramatically placed the question at the heart of the European political and economic debate. Tuesday’s news that Catalan President Carles Puigdemont has suspended the Autonomous Community’s declaration of independence for now, pending negotiations …
Spain’s economy minister says it’s ‘very clear’ this won’t happen
Luis de Guindos, Spain’s economy minister, threw cold water on the possibility of Catalonia gaining independence and said citizens need not worry about having their deposits in banks Catalans. “It is very clear that independence for Catalonia will not happen,” he told CNBC on Monday. “It is illegal, irrational, harmful to the Catalan economy. We …
German companies worried about the future of Catalonia | Business | Economic and financial news from a German perspective | DW
As the world waits to see whether Spain’s autonomous region of Catalonia will declare independence from Madrid early next week, German business leaders warned on Friday that the move could leave their investments in legal and economic limbo. Catalonia’s leaders have vowed to defy a ruling by Spain’s Constitutional Court banning the planned meeting of …
Fitch joins S&P in Catalonia downgrade warning | Business | Economic and financial news from a German perspective | DW
Fitch said on Thursday that political tensions between the central government and Catalonia “are likely to escalate in the short term”, leading to unpredictable events, including a potential disruption of state liquidity funds to Catalonia. As a result, the agency has placed Catalonia on a “negative rating watch” footing, meaning they could downgrade from their …
Markets price new risk as Catalan stalemate looms | Business | Economic and financial news from a German perspective | DW
After the Catalan government declared that 90% of the population had voted in favor of independence in the October 1 referendum and national authorities refused to accept its legality after a sometimes brutal crackdown, the markets opened up Monday to what they hate the most: uncertainty. “Unlike the UK, Spain’s 1978 constitution clearly prevents a …
Spain loses 20% of its economy if Catalonia splits
Would going it alone work for Catalonia? The Spanish region staged a controversial independence referendum on Sunday with major economic implications for the country – and Europe. Spain’s central government fiercely opposed the referendum and riot police raided polling stations. Regional officials said the vast majority of ballots were in favor of independence, but turnout …