The clandestine role of the Spanish government in a run on deposits that drained €29 billion from Catalan banks.
A relentless state, angry demonstrations, and profoundly worried businesses.
Turns out all that’s needed to halt a property bubble is a constitutional crisis of epic proportions.
Uncertainty, threats, and counter-threats.
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.
Hopes that Catalonia’s woes could be contained are fading.
Money is fickle and fearful.