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ISSUES....
Inside, confidential and off the record

 

 

Catalonia vs Spain



Madrid has said that such a referendum is wholly illegal and that should it be held and if the majority votes in favor of separation it will be given no credence whatsoever.


ON THE POLITICAL FRONT we have written from time to time about the separatist movement in Catalonia, which obviously Madrid abhors and finds anathema. The Catalan government is preparing to hold a referendum on separation October 1st. Madrid has said that such a referendum is wholly illegal and that should it be held and if the majority votes in favor of separation it will be given no credence whatsoever.

As one leading member of the Spanish Cabinet said over the past weekend Not a single euro of the Catalans will be directed toward an illegal referendum that is wanted by a few. What the Rajoy Cabinet means is that taxes paid by the Catalans and sent to Madrid will not be transmitted back to Catalonia if this referendum is held.

The Generalitat... the name for the Catalan regional government... has said that within 48 hours after a successful vote for separation Catalonia will declare itself wholly independent! Madrid has said that it intends to hold Mr. Artur Mas, the former Catalan First Minister, and others in Mr. Mas' coterie, "responsible" for the vote.

This we take as a threat that Madrid will move immediately to jail Mr. Mas, and perhaps will even move against the current First Minister, Mr. Charles Puigdemont.

Just when one thinks that all things political in Europe are working well and shaping up nicely, along comes an old problem once again.


Dennis Gartman/ The Gartman Letter / June 25 , 2017



 

ISSUES.... 07/ 31/ 2017 - Send Us Your Issues

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