Catalonia’s Push For Independence Reflects Anti-Eurozone Sentiment
September 27, 2012 · Posted in Global Economics
Upcoming elections in Catalonia spell more trouble for the Spanish central government in particular and the Eurozone in general, regardless of whether or not Catalonian independence will actually happen soon:
Spain’s economic powerhouse Catalonia took its first step toward independence – and threatened to proceed unilaterally if necessary – in a serious challenge to Madrid’s already besieged central government, which is struggling with social turmoil and economic uncertainty.
Catalonia’s conservative regional leader Artur Mas moved up local elections to Nov. 25 in an effort to secure the political mandate he needs to press the central government to authorize a referendum on independence. But he said that Catalonia could proceed with a referendum even if Madrid didn’t authorize one.
“If we can go ahead with a referendum because the government authorizes it, it’s better. If not, we should do it anyway,” Mr. Mas told the regional parliament Wednesday. “This is about Catalonia being able to exercise its right to self-determination.”
While Eurocrats are trying to patch up the unfixable, postponing the inevitable to a later more painful point in time, the Eurozone has long lost the moral support that would be needed to maintain it much longer. The events in Catalonia is just another example for a universal and widely held sentiment across the board.