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05 11 2017
While the conflict continues, volatility will be increased, and the debt market of Spain may be under slight pressure. The European Commission said that it will work only with Madrid. This means that in case of secession from Spain, Catalonia will automatically lose membership of both the EU and the euro area. And this is far from the people's desire, nor the goal of the movement for independence. But the currency pair is under pressure.
While the conflict continues, volatility will be increased, and the debt market of Spain may be under slight pressure. The European Commission said that it will work only with Madrid. This means that in case of secession from Spain, Catalonia will automatically lose membership of both the EU and the euro area. And this is far from the people's desire, nor the goal of the movement for independence. But the currency pair is under pressure.
