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Catalonia "Must debate Euro membership"

Source: Bloomberg - Thu 13th Sep 2012
Catalonia 'Must debate Euro membership'

Catalan President Artur Mas said Spain should debate staying in the euro as leaders consider seeking a European bailout, becoming the most senior Spanish official to question the nation's single-currency membership.

"If we want to have a serious debate, the first question has to be whether we want to be in the euro or not," Mas said at a conference in Madrid today, adding that Catalonia wants to remain in the single currency. "If you say yes, you have to accept the rules of this game. You could say no."

Catalonia, which accounts for 20% of the nation's economy and is home to some of the country's biggest companies, is battling PM Mariano Rajoy for greater control over taxes as austerity measures have undermined voters' willingness to subsidize poorer regions. Mas raised the stakes this week, saying if Rajoy doesn't give his administration in Barcelona greater autonomy, he'll push for full independence. Mas said Catalonia and Spain are "tired of each other" and said the push for a "nation state" is "coming from the street." He estimated 1.5 million people demonstrated for independence at a protest this week.

Comment on this Story

 
Artur Mas seems to be under the illusion that Catalonia is eligible to apply for membership of the EU / Eurozone and, if so, will even be accepted ! Many other Countries had to go through a 5 - year application process to become an EU member state - why should Catalonia be any different ?
C Shaw - Fri, 14th Sep 2012