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Tag Archives: Catalonia
Catalonia’s Defiance of Spanish Authority Turns into Rebellion
Catalonia’s Defiance of Spanish Authority Turns into Rebellion “Do not underestimate the power of Spanish democracy.” With these words, eerily reminiscent of a line once spoken by Star Wars villain Darth Vader, Spain’s Prime Minister Mariano Rajoy brought to a close a week of frenzied drama. It began with a foiled attempt by the Spanish […]
“They’ve Lost The Plot” – 700 Catalan Mayors Defy Spanish Government Amid Police Raids
“They’ve Lost The Plot” – 700 Catalan Mayors Defy Spanish Government Amid Police Raids “The only thing I ask of (Catalan) mayors is that they comply with the law, and as such don’t participate in an illegal referendum,” Prime Minister Mariano Rajoy urged this week, calling for a return to “rationality and legality” and promised […]
Spanish Government Threatens to Seize Catalan Finances to Stop Referendum: Juncker in Hot Water
Spanish Government Threatens to Seize Catalan Finances to Stop Referendum: Juncker in Hot Water In its latest move to stop an October 1 independence referendum, the Spanish Government is Poised to Seize Catalan Finances. Finance Minister Cristóbal Montoro said a mechanism had been approved for the state to take control of the autonomous region’s finances. Madrid […]
Spain Passes New Laws To Restrict Catalan Finances Ahead Of Independence Vote
Spain Passes New Laws To Restrict Catalan Finances Ahead Of Independence Vote With just a few weeks left until Catalonia’s proposed independence referendum on October 1st, Madrid has taken new steps this morning to restrict the finances of local governing entities to “guarantee that not one euro will go toward financing illegal acts.” Per Reuters: […]
The Next Spanish Bank Teeters, at Worst Possible Time
The Next Spanish Bank Teeters, at Worst Possible Time The timing could not have been worse: just as Spain faces its biggest constitutional crisis in over 40 years with Catalonia’s independence vote, another bank has begun to wobble. Liberbank, Spain’s eighth largest lender, was spawned in 2011 from the shotgun marriage of three failed cajas […]
Showdown in Spain: I Wholeheartedly Endorse the Catalonia Independence Vote
Showdown in Spain: I Wholeheartedly Endorse the Catalonia Independence Vote In a move many people thought would never happen, the Catalan parliament approved a referendum that would allow a vote on the region’s independence from Spain. The central government seeks intervention from the Constitutional Court. But short of invasion who is going to stop the vote? The Spanish government […]
Catalan Bid for Independence Seen in Broader Context of European Disintegration
Catalan Bid for Independence Seen in Broader Context of European Disintegration Catalonia’s secession movement has been growing in Spain for decades. The region has its own language and culture. On August 28, two pro-independence parties in Catalonia, the Junts Pel Sí («Together For Yes») coalition and the radical-left Popular Unity Candidacy (CUP), submitted a bill […]
Spain: Breaking Up is Hard to Do
Spain: Breaking Up is Hard to Do Photo by Rick Ligthelm | CC BY 2.0 When the Catalans goes to the polls Oct. 1, much more than independence for Spain’s restive province will be at stake. In many ways the vote will be a sounding board for Spain’s future, but it is also a test […]
Catalonia Threatens Spain with “Financial Bloodbath”
Catalonia Threatens Spain with “Financial Bloodbath” Catalonia’s independence would set off Spain’s debt time-bomb. On Monday El Pais published leaked excerpts from what it claims to be the Catalonian regional government’s road map to independence. The secret document includes a plan for the region to unilaterally break away from Spain should its citizens be prevented […]
“Everything Has Come to a Standstill”: Political Fallout Hits Business in Spain
“Everything Has Come to a Standstill”: Political Fallout Hits Business in Spain Things are likely to get a whole lot uglier. On Friday, Spain’s benchmark stock index, the Ibex 35, plumbed depths it had not seen since the worst days of 2013, the year that the country’s economy began its “miraculous” recovery. Of the 35 […]
Catalonia votes to Separate from Spain by 2017
Catalonia votes to Separate from Spain by 2017 The regional parliament of Catalonia has now approved a plan to set up road map for independence from Spain by 2017. This is in direct defiance of the central Spanish government. The question will be, does this lead to civil war given the history of Spain. Additionally, […]
Spain Leaps Toward Political Breakdown
Spain Leaps Toward Political Breakdown Desperately needed international investors dread it The dust is not even close to settling after Catalonia’s latest experimental flirtation with nation building. The pro-independence coalition fell tantalizingly short of gaining a majority of seats (62 out of 135). Now it needs the support of the anti-capitalist separatist party Popular Unity Candidacy […]
Today’s Turning Point on ECM
Today’s Turning Point on ECM I have been warning that this turning point is not in markets, it is centered in government. The number of issues coming to a head are just mind-blowing from the Catalonia vote to separate from Spain to the resignation of Boehner with non-politicians leading not just in the USA, but […]
The ECM Turning Point 2015.75 – The Start of a Trend is Now
The ECM Turning Point 2015.75 – The Start of a Trend is Now I was in Barcelona and was asked by many did I think the pro-independence parties in Spain’s Catalonia region would actually win. I told them it was inevitable for this is the global trend in motion. The vote for Catalonia is in […]
