WSJ - Markets

Catalonia: A Headache for Spain, Not Europe

Spain wasn’t supposed to be on the list of political risks for investors in 2017. But the violence in Catalonia Sunday during an independence vote declared illegal by Madrid is an ugly reminder of Europe’s complexities. For now, however, this is a bigger problem for Spain than for Europe.

Tensions would be raised further if the Catalan government goes ahead with a declaration of independence, even if this would be mostly symbolic: while Catalan leaders said 90% of votes cast supported independence, turnout was about 40%.


WSJ.com: Markets

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