Policy Article

Spain and Catalonia – Separatism is Harming Economically (original publication German only)

Die Wirtschaftliche Freiheit — Das ordnungspolitische Journal

The authors explain that the conflict over the independence of Catalonia threatens to impair the recovery of the Spanish economy. They show that Catalonia’s export-intensive, highly industrialized economy benefits from the close business ties with other Spanish regions and from the unrestricted access to the EU Internal Market. They conclude that in case of a unilateral independence these ties would be at stake at the expense of all parties involved.