Reply To: Catalonia – safe to buy?

Mark Stücklin

Yes, the last thing Spain needs is swivel-eyed nationalism and political uncertainty to add to its dubious reputation for property rights.

Interesting article at the FT: The folly of Catalonia’s rush to independence.

Today Fitch downgraded Catalona government bonds to junk status because of this rush to impose independence against the wish of the majority. Catalonia is now a riskier place to invest, despite claims it would be a rich utopia as an independent country.

The independistas can’t even agree on a president. If Catalonia ever became independent, you can bet they would be at eachother’s throats in the blink of an eye. Their hatred of Madrid is about the only thing that unites them.