Cat 'alone' ia: Region's secession from Spain would be 'a disaster'
Saturday, March 16, 2013 @ 12:13 AM
INDEPENDENCE for the region of Catalunya would be 'disastrous' for its long-term future, says the Madrid-based Institute of Economic Studies (IEE). If Catalunya were to become a separate country from Spain, it would automatically leave the European Union and the euro, meaning it would not be entitled to any help from the Central European Bank (BCE) nor would its people be able to rely upon the protection from EU legislation where national law did not do so.
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