Wednesday, September 26, 2012

FT: Euro Crisis May Fuel the Breakup of Spain

Some real good may come out of the eurozone crisis. It's spawning a separatist movement in Spain   FT is reporting:

Spain has entered a constitutional crisis. The decision of Catalonia’s nationalist government to call a snap election in November – which in practice will amount to a referendum on independence – has opened the way to Catalan secession. That decision, in turn, may give a lift to Basque separatists, now running neck and neck with mainstream nationalists in regional government elections due next month, after winning the largest number of Basque Country seats last year in local and general elections. 
As a Spain trapped in the eurozone crisis tries to battle its way through a wrenching recession, it must now contemplate the real possibility that its plurinational state, which replaced the suffocatingly centralist Franco dictatorship with highly devolved regional government, may break up.
Something to look forward to in the U.S., when the debt crisis is in full bloom here?

(ht David Mueller)


  1. There has been a secessionist movement in Cataluña for centuries; it just tends to be exacerbated during especially bad financial crises.

  2. After the USA election ?? Perfect timing

  3. I'm curious what their currency would look like? Join the Euro, gold based currency, or their own fiat currency?

  4. Dear beautiful Spain – better go back to anarchy. It may sound irrationally, but only for those who don`t understand the term “anarchy”. In fact, it`s far from chaos. As a state, anarchy is much more fair to citizens than all the systems we`ve ever had. And it`s very possible to agree with separatist movement. All in this subject. And now I have a question: do you know where to sell gold in Alicante? gdzie najlepiej sprzedać złoto w Alicante? Donde vender oro en Alicante? I`d be grateful for details.