But how did things get this bad?
The longer the toxic process between Catalonia and Spain drags on, the wider the gulf grows.
Acute uncertainty is like sand in the gears of the local economy.
Emotions are running high on both sides of the divide.
Independence would be “horrific” and amount to “financial suicide,” said Spain’s Economy Minister. But financial suicide for whom?
Fractured communities, splintered families, broken friendships.
Many of these banks are implicated in the biggest financial crimes.
Hopes that Catalonia’s woes could be contained are fading.
Money is fickle and fearful.
Bank shares plunge. Money is already on the move.