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Kynes said: The treaties clearly say that if a part of a country that belongs to the union secedes, that part is the only one that goes outside the union, and it has to abide to the whole adhesion process, a process that needs the approval of all the union members. The rest of the country still belongs to the union. |
Good for Catalonia then, I guess. Looking back to Greece situation last year, when they had a chance to vote "no" to EU aid deal > declare default > out of eurozone -- Catalonia might just go that route the easy way through secession. That's not really about getting rid of fiscal problems (it probably have them more than enough on their own), but about getting rid from EU bankers dictate and eventually devaluation. You obviously cannot devalue Greek, Spanish or Catalonian euro not doing the same for German euro, that's just pointless, the whole idea is to devalue Catalonian currency whatever it might be against euro.
Realistically not gonna happen though, political decision in Europe are made somewhere else rather than Catalonia. Germans just won't it go away that easily, understanding that it might result in domino effect.
