The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
So economically, independence could only lead to things getting much worse, no? It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
Then again, if the UK breaks up, couldn't Scotland be the successor state to EU membership and the rest of the UK exit? After all, on paper the Act of Union between Scotland and England was between equals... I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
If the Scots suddenly started running the tax haven scam for themselves, they could make London very nervous.
The Catalan government would probably argue that it has been a net fiscal contributor to Spain and so is owed. However, the Catalan government borrowed 10bn from the Spanish government last year to avoid insolvency, and it will borrow as much this year. In addition, Catalunya Caixa has received 10bn of Spanish government aid (some of it from the EU bailout last year) and now cannot be auctioned because nobody wants to buy it. I joke that the Spanish government should sell Catalunya Caixa to the Catalan government for 1.
So Catalan independence looks to me to set up something not unlike the Ljubljanska Banka controversy: when Yugoslavia fell apart many banks failed, including Ljubljanska Banka. The newly independent slovenia argued that onle Slevenes were eligible for protection from the Slovenian state, and that others had recourse to the Yugoslav deposit guarantee. 20 years later, Slovenia is delaying retification of Croatia's EU accession because there are still lawsuits by private Croatian citizens on their lost savings in Ljubljanska Banka, and Slovenia and Croatia are negotiating some sort of settlement. 20 years later. I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
Exiting the Euro would be a good thing... if the debt were under local law.
The debt is under whatever law the debtor is under. What it says on the lien doesn't really matter to that.
- Jake Friends come and go. Enemies accumulate.
Some of which may be incompatible.
by Frank Schnittger - Feb 7 2 comments
by Oui - Feb 4 47 comments
by Frank Schnittger - Feb 2 8 comments
by Frank Schnittger - Jan 26 3 comments
by Frank Schnittger - Jan 31 3 comments
by Frank Schnittger - Jan 22 3 comments
by Cat - Jan 25 63 comments
by Oui - Jan 9 21 comments
by Oui - Feb 78 comments
by Frank Schnittger - Feb 72 comments
by Oui - Feb 447 comments
by Oui - Feb 322 comments
by Frank Schnittger - Feb 28 comments
by Oui - Feb 2115 comments
by Oui - Feb 16 comments
by Frank Schnittger - Jan 313 comments
by gmoke - Jan 29
by Oui - Jan 2736 comments
by Frank Schnittger - Jan 263 comments
by Cat - Jan 2563 comments
by Frank Schnittger - Jan 223 comments
by Oui - Jan 2110 comments
by Oui - Jan 21
by Oui - Jan 20
by gmoke - Jan 20
by Oui - Jan 1841 comments
by Oui - Jan 1591 comments
by Oui - Jan 145 comments