Catalonia Said To Blackmail Spain On Overdue Bank Loans

Jon Alternative Media, Banking, Blogosphere, Economy, Politics

Spanish politics is a mess.
Everyone knew, going into last fall and winter, that the waters were about to get decidedly choppy. At the national level, Podemos was ascendant as Pablo Iglesias rode a wave of anti-austerity sentiment straight to the front of disaffected voters’ collective consciousness.
A nation beset by sky high unemployment had grown tired of the PP and PSOE duopoly that had dominated Spanish politics since at least the late 80s. Between Podemos and Ciudadanos, a shakeup was virtually assured.
Meanwhile, Catalonia held what amounted to a referendum on independence in late September and then in early November, the regional parliament approved a resolution to take steps towards establishing an independent republic.
Mariano Rajoy didn’t like that idea so much. ‘Catalonia isn’t separating from anywhere,’ he said at the time.

This post was published at Zero Hedge on 03/17/2016.