IDEAS home Printed from https://ideas.repec.org/p/zbw/swpcom/222018.html
   My bibliography  Save this paper

Secession or solidarity: Catalonia will not get both simultaneously

Author

Listed:
  • Riedel, Sabine

Abstract

Since the arrest of the former head of the Catalan government, Carles Puigdemont, a solidarity movement has emerged that paints him as a victim of the justice system. However, even if the German government prevents his extradition this is hardly likely to influence the trials against his colleagues remanded in custody in Madrid. The Spanish public prosecutor's office accuses them not only of rebellion, but also of embezzling money from the autonomous communities' liquidity fund (FLA) for their independence campaign. Since the 2012 financial crisis, Madrid has had to subsidise heavily indebted regions, including Catalonia, with loans. Barcelona annually receives between 6.7 billion (2012) and 11.1 billion euros (2015). This financial dependence motivates Catalans to bid for independence, in the expectation that it will lead to direct access to the European Central Bank (ECB). Europeans need to reflect on who should be given their solidarity. A Catalan state would be born with a mountain of debt, which the other Spanish regions and the European taxpayer would ultimately have to shoulder.

Suggested Citation

  • Riedel, Sabine, 2018. "Secession or solidarity: Catalonia will not get both simultaneously," SWP Comments 22/2018, Stiftung Wissenschaft und Politik (SWP), German Institute for International and Security Affairs.
  • Handle: RePEc:zbw:swpcom:222018
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/256510/1/2018C22.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:swpcom:222018. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://www.swp-berlin.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.