Monday, 01 January 2018 19:52

Catalan Independent Conflict Leaves Great Loss to Spanish Gov't

Written by PL
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The separatist conflict in Catalonia caused a loss of $ one billion euros in the fourth quarter of 2017, said the Spanish Ministry of Economy today.


Madrid.- Minister of Economy Luis de Guindossaid said today that due to the economic consequences of the actions of the Catalan separatists, the Gross Domestic Product (GDP) of that autonomous community slowed down in that period by four or five decimals.

De Guindossaid, who described Catalonia as one of the main boost of the Spanish recovery, said that in the recent three months of 2017 Catalonia 'became a burden' due to the restlessness and distrust triggered by the political instability in the region.

According to data released by Spanish official sources, in just 80 days, from October 2nd and December 20th, that situation led some 1,200 companies to move to other Spanish regions.

Among the companies that moved their headquarters are some important as Abertis, Cellnex, Idilia Foods, Mahou San Miguel, Bimbo, Codorniu, Axa, Grupo Planeta, MRW, Dogi and Oryzons, said the sources.

On December 21st the Catalan separatists managed to win in the parliamentary election brought forward by the Spanish Government to neutralize the separatist movement, and are currently preparing to recover control of the region, which, in the opinion of specialists, could increase the crisis again.

Given the situation, De Guindos urged the new leaders of the Parliament that will begin the work in weeks to be aware of the consequences of this policy and thus, wisely give up that approach so the unilateral path will be permanently ruled out. (PL)

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