Research (Česká spořitelna)
Markets  |  September 27, 2012 08:57:15

The situation in Spain is increasingly thickens


The situation in Spain is becoming increasingly thickened. Wild anti-reform protests in Madrid are endless. What is more added Catalonia, which announced that the 25th November will be held early elections. Basically, this is like a referendum on secession. Separatists are trying to use the growing discontent with the central government. According to surveys conducted for the independence of the first time more than half of the people. Catalonia, which generates 20% of the Spanish GDP, the central government for help in the amount of 5 billion euros. He feels wronged but because it carries too much of the tax burden and says he did not need to be part of the SPA would this help ...Well ... And instead of fiscal autonomy, after which Catalonia longer calls, requests for assistance Rajoy's overall decline. Will be difficult to negotiate. In any case, this part of the escalation of separatism SPA is probably the last thing that needs to Madrid.
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