MOODY'S: THE INDEPENDENCE DE CATALAUNYA WOULD HAVE SERIOUS CONSEQUENCES FOR…… SPAIN

Moody's Analytics has noticed that the possibility that Catalonia becomes independent of Spain it could discourage the managerial investment and foreigner and to have a "great negative" impact in the Spanish economy. Eye because in many Spanish newspapers as they make many times they change the order of the warning, and they put the emphasis from the serious consequences to Catalonia and it is not this way, although Catalonia would evidently also owe to face a deep change. 

"The secession would have a great negative impact in the Spanish" economy, it alerts the supplier of investigations, data, and analysis tools in a report about the Spanish economy. In this sense, it warns that the own Catalonia could also suffer if he separates Spain, putting in danger the commercial and financial bonds of those that he enjoys like part of the European Union (UE) and of the euro zone. And that it presupposes that would have to assume a part of the public debt of Spain, that is this way and we have it clear in Catalonia provided the segregation was agreed and negotiated. 

In the report, Moody's highlights that Spain has been able to emerge of the recession, but he still faces a "weak recovery", since the agency waits that the Interior Product only grows "modestly" this year, around 0,6%, before repute a little until around 1% in 2015. This means that such and like the things go the ratio Debt / GDP will stay a little maybe above 100% alone some tenth if the state is able to reduce their structures and their commitments of fixing the crashes of their friends with public money. 

Make you bills if now with Catalonia that contributes 20% (the biggest percentage among all the CCAA. of Spain) of the whole GDP of Spain the ratio debt/PIB is of 100% if there is a non conventional break between Catalonia and Spain the ratio de debt/PIB it would pass to 120% suddenly what would take the ranting from Spain to the height of voucher garbage this it is the reality that Moody's goes and it warns. 

Of course also it warns from the same situation of risk to Catalonia and thank you to make it but the concepts of risk are very different as for their solution and effect Moody`s aims that Catalonia would put in risk commercial and financial bonds of those that he enjoys in the mark of the European Union and the area euro and it highlights that it should assume a part of the Spanish public debt, it is evident that this message is not crop characteristic of Moody`s but rather they are on concepts within its reach for the Spanish diplomacy that persists to use as own defense the attack without barracks to the enemy. 

Catalonia knows that everything is question of how it is taken to I finish the secession if the case arrives, and he has manifested it in all the forums that he has been able to express freely, but this goes in direct relationship to the setting in march of negotiations among same between Spain and Catalonia and this naturally it is noticed that the members of the ministry of the exterior and of economy they have not explained to it to Moody's. 

Thank you but don't worry, if there is agreement Catalonia it will assume their debt and the aliquot part of the one of that of Spain that would be about 180,000 million Eurus more o lees, so for this side there would not be no problem with these data I would request to Moody's that respond me to the following thing: A country that is presented to the market and the institutions with a GDP of 200.000 million Eurus and a debt of 180,000 million Eurus what means a relationship debit/PIB of 90% and another that would be that is to say with a debt of 800.000 million Eurus and a debt of other points with 100% in the relationship debit/PIB which would be the rating of both.