Showing posts with label Catalonia. Show all posts
Showing posts with label Catalonia. Show all posts

Wednesday, November 1, 2017

Divided and Conquered, Catalonia Weighs the Damage


 It might look over, but the Spanish region’s independence bid has long-lasting repercussions.
By Charles Penty , Manuel Baigorri , and Esteban Duarte
Bloomberg

The drama in Catalonia may have reached its epilogue, but the economic and political consequences are still to emerge for a region Spain could never afford to let go.For now, the separatist leadership has been deposed, a would-be European republic snuffed out and a potential bank run avoided.
Spanish Prime Minister Mariano Rajoy has gone from lame duck premier dogged by a party corruption scandal to the country's unlikely savior. Catalan President Carles Puigdemont painted himself on Tuesday as a victim of the vengeful state after fleeing to Brussels to avoid arrest.
Yet that winner-and-loser narrative masks a delicate balance. Catalonia's 7.5 million people remain as torn as ever in the stop-start push for their own state since the death of General Francisco Franco four decades ago. A tumultuous month started with an illegal independence referendum on Oct. 1 that police tried to forcibly extinguish. It culminated with a loss of autonomy that’s cherished even by those who want to remain part of Spain.