Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Bank of Spain warns Catalan Independence would mean exit from Euro

Source: Reuters - Mon 21st Sep 2015
Bank of Spain warns Catalan Independence would mean exit from Euro

If Spain's wealthy northeastern region of Catalonia claims independence from the rest of the country, it would be automatically forced out of the euro area and was likely to drop from the European Union, the Bank of Spain governor said.

Uncertainties and tensions over the result of the regional election on Sunday, which could lead to a unilateral claim of independence, are affecting Catalan and Spanish banks, Luis Maria Linde said on Monday.

Linde said that the ECB's monetary stimulus policies were working and would continue until the central bank's inflation target of near, but below, 2% is reached.

The head of the Spanish central bank said he was not concerned about the result of the upcoming general election, expected before the end of the year, as long as the winner continued current fiscal consolidation policies.

Linde also said that a new process of consolidation amongst Spanish banks was a possibility.

Read the timeline of Catalonia's bid for independence by clicking the link > HERE <

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs