THERE ARE NOT MORE ALTERNATIVE THAT I TO WRITE ON A CATALUNYA NATION

Brussels reiterates the battle orchestrated by the government from Spain this week to see of scaring to the Catalan independents that Catalonia would be inside he left it frees. The reason is clear logical and it is the one that I have always maintained. The new independent region will become of facto a country third regarding the Union. In fact I believe that arrived this point, the truth is that I believe that so afraid we are the Catalan for what we will undertake (that waits), as it is he Spain. 

The difference among the two competitors believes that it is not so much in the illusion in the risk, I have it very clear I prefer to be a nation outside of the CE that to continue being a region of Spain, and it is not that he rejects at all with it to Spain, what I have very clear it is that if I am a Nation I will be able to return to the CE like a sovereign country and responsible for its acts of its economy and of its social and political development this is not doubt it is forward an enormous step. While Spain doesn't see the same future for that reason dirty fight and he needs of supports that are not such but mere political declarations. 

Spain if Catalonia loses he doesn't take a step ahead it is evident he gives it back no matter how much it continues being in the CE I don't want to return to the figures of the GDP neither the debts of some and other I have already repeated it many times, I limit myself to simply see an evolution human artificial politics and social it is not the same thing to become a sovereign nation that to lose an important region would say that the other capital of facto of Spain. 

The independence of a European region will have direct consequences in relation to its ownership to the CE. "If a part of a State member stops to be a part of that State for the same fact of the independence the treaties they won't be applied in that territory", he has declared this noon the spokesman of the European Commission, Daisies Schinas. The new independent region will become of facto a country third regarding the Union that naturally as European country he can request its entrance" in the CE, the president's spokesman has added Jean-Claude Juncker 

The position of the European Commission on the consequences of the independence of a part of the States members of the UE has not varied and it is that it cannot vary it is Catalonia the one that varies its status and it is completely logical that should request to belong to the CE, that yes, whenever it interests him, because there are samples that the CE neither is in a position of a lot of force, of that CE that was founded in 1993 to that of today there is a great distance mainly in all the aspects in its stability and economic, social balance and its influence position in the economy and the world politics. 

Today the CE is questioned by Great Britain, it is wrapped in some serious economic problems of some of its partners like Greece, Portugal, Italy, and the own Spain that make it a social unbalanced union and economically, I believe that of this Spain takes advantage when requesting declarations of exclusion threats "in eternum" because somehow the possible independence of Catalonia would not affect alone to Spain but indirectly to the own CE and the euro they don't doubt it neither a moment. 

I say it because it is not logical the argument that puts on in mouth of the CE when he says: There is not an automatism between independence and ownership to the Union, it is that there is not automatism neither is it contemplated because it has never happened In Europe he doesn't think about that question. The independence of Catalonia in this case supposes the creation of a left not new state it from a state of the UE and the normative one to apply it is that this new state requests the adhesion to the CE and become a new partner.  

Of all this alone there is a question that if it would require a good information mainly on the part of the political Catalan independent and it is very important an European new country could adopt the euro like currency of legal course although it is without intervention capacity in monetary decisions while he is not member of the CE, this is the only thing that should worry they really look as contrary examples we have several one very clear it is Great Britain that is partner of the CE and however he doesn't have like foreign currency the euro, other contrary examples are Andorra and Monaco that without being members of the CE, if they have like foreign currency the euro. 

Evidently this question believes that it will be measured by the economic capacity of the country that he requests to assume the euro like official currency if it is I don't have this way the smallest doubt that Catalonia will be able to continue using this currency because its ratio of qualification of risk that is measured by the, quality of some certain financial or active products. Their notes or qualifications value the risk of unpaid and the deterioration of the solvency of the originator. For they use it model econometrics in those that use different variables as the accumulated debt, the speed in returning it, etc. that you/they are good them to value the fellow's country company bank analyzed etc., economic potential. 

Today to make the calculation of Catalonia is impossible because their financial situation is not low its domain, but rather it depends on the Spanish treasure the data that are managed in the markets they don't have this way a lot of validity in all ways and so that it is not said that I don't set all envelope the table, today with everything and the difficulty of Catalonia to be financed, the data of the Catalan debt (the little one that there is in the market) The interest of the debt of the Generalitat overcomes in 56% that of the Spaniard and it is second  more high of the area alone euro Greece pays more than Catalonia for its debt. 

In short, the Catalan voucher emitted in 2010 and with expiration in 2020 that can take like reference of a voucher to 10 years and whose amount ascends to 1.000 million Eurus, it already quotes in 3,29%. The Spanish voucher to 10 years, on the other hand, is in fact in 2,11% after the turnarounds that it has registered in the last weeks like consequence, of the political tensions that approach. This way, the difference among both references already overcomes 55%.  

As comparison, the voucher of Portugal whose economy is still far from recovering of the serious crisis that has suffered, is in 2,68%, while that of Italy quotes below 2%. And if other nations are included that don't belong to the Eurozone, the voucher of a hypothetical nation of Catalonia would offer a superior profitability to that of Poland (3%), and it would be something inferior to that of Hungary (3,5%) or Rumania (3,6%). But these numbers repeat dice they come because today the market knows that the power doesn't depend on Catalonia to pay its debt but rather it depends on Spain and all know the game of the cat and the mouse that there are among both treasuries in the moment of an independent Catalonia in that can offer to the market a GDP of the order of 190,000 million Eurus and an alone contracted debt of 63,000 thousand millions with an accrediting Spain I believe that there would be a lot of interest to finance Catalonia.   

This situation, nevertheless, it has not been by no means always this way. In fact, if one makes a cousin of risk between the funds of Spain and Catalonia it is observed that, by the middle of last month of June, the difference was of hardly 8 points. In that moment the profitability demanded by the market to the Catalan debt began to climb with regard to the Spaniard, a process that registered its point of more acme between the 20 and July 30. In that period of time, the interest of the voucher hurried from 2,4% until almost 3,4% in what supposed an overwhelming answer to the presentation of the unitary candidacy of But, Oriol Junqueras, Raül Romeva, Carme Forcadell and Muriel Casals. That is to say destructive political economy that would finish in the moment of the sovereignty of the Catalan Republic in or outside of the CE.