Secession Movement Spreading Worldwide: Countries All Over The World From Spain To The Secession Movement In The United States, Italy, And Germany… The Chaotic Phase Is About To Begin!
November 25th, 2012
CATALONIA VOTES TO ‘BREAK WITH SPAIN’! CATALAN PRO-INDEPENDENCE PARTIES WIN MAJORITY, EXIT POLL SHOWS
Mas Trouble In Little Spain As Country Layers Constitutional Crisis Onto Economic Depression
Catalonia’s exit polls confirm over two-thirds of votes will go to pro-independence parties that will likely push for a referendum to break away from Spain, which the central government will challenge as unconstitutional. The more-populous-than-Denmark region is home to car factories and banks that generate one-fifth of Spain’s economic wealth (larger than Portugal’s). The incumbent, Artur Mas, has converted to a more radical separatist bias since huge street demonstrations in September showed the will of the people. As Reuters notes, growing Catalan separatism is a huge challenge for Prime Minister Mariano Rajoy, who is trying to bring down painfully high borrowing costs by persuading investors of Spain’s fiscal and political stability. Critically, the exit polls suggest the dominance of separatist parties will mean a referendum for secession within two years – leaving us asking the simple question: who will buy any Spanish debt, even fully backstopped by the ECB, if there is a real risk that in under two years, 20% of Spanish GDP will simply pick up and leave.
*CATALAN PRO-INDEPENDENCE PARTIES WIN MAJORITY, EXIT POLL SHOWS
Read more at http://investmentwatchblog.com/secession-movement-spreading-worldwide-countries-all-over-the-world-from-spain-to-the-secession-movement-in-the-united-states-italy-and-germany/#06KdhBAv2WTMf08u.99