SPAIN - BETWEEN THE CATALAN CRISIS AND THE ECONOMIC PERFORMANCE
Daniel Bulin ()
Euroinfo, 2018, vol. 2, issue 11-12, 59-71
Abstract:
During 2017-2018, Spain was characterized by social and political turmoil both in the Catalonia autonomous community (referendum for independence, the position of force adopted by the central authorities from Madrid, early regional parliament elections, Torra cabinet investiture), and at the national level (the fall of the Rajoy government after a censure motion, the appointment of the socialist leader Pedro Sanchez at the head of the Madrid government). Although the effects of the referendum were null, the situation reopened the debates and cost-benefit analyzes of a possible division of Catalonia from Spain, despite a favourable macroeconomic situation of the country, seen as a post-crisis economic recovery model, also called the Eurozone performer in recent years. Starting from these factors, this paper proposes a synthesis of the recent political events in the Iberian country, an analysis of the pros and cons of secession and a brief assessment of its economic outlook.
Keywords: Spain; Catalonia; referendum; secession; GDP; public debt; unemployment; inflation (search for similar items in EconPapers)
JEL-codes: D72 E24 E66 H63 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:iem:eurinf:v:2:y:2018:i:11:p:59-71
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