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This means that, as vbo points out, any serious push for Catalonian independence will be based on a false premise : the idea that they would be able to repudiate their debts (or their share of Spanish debts). That is clearly impossible within the Euro with the current rules; so that means exiting the euro, and good luck with the economy.

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

by eurogreen on Thu Mar 7th, 2013 at 03:54:57 AM EST
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