Catalonia, which accounts for a fifth of Spain’s economy and is roughly the size of Belgium, will hold an independence referendum on October 1, which Madrid and Spanish courts have declared illegal. The pro-secession movement says Catalonia pays $19 billion more in taxes to Madrid each year than it gets back in investments and services, but this would end if the region split from Spain.
Catalonia would suffer “brutal” impoverishment if it splits from Spain, with a deep plunge in its economic output, Spain’s economy minister warned Monday ahead of a disputed independence referendum in the region.
“The general impoverishment of the society would be brutal. GDP could fall between 25 and 30 percent and unemployment double,” Economy Minister Luis de Guindos said in an interview with radio Cope.
An independent Catalonia would find itself outside of the eurozone so 75 percent of its products would be slapped with tarifs, banks would have to relocate, and the region would have to set up its own currency, he added.
“The independence of Catalonia would be absolutely irrational from an economic point of view,” the minister said.
Catalonia, which accounts for a fifth of Spain’s economy and is roughly the size of Belgium, is slated to hold an independence referendum on October 1, which Madrid and Spanish courts have declared illegal.
The referendum has not had an impact on the economy because financial markets do not think Catalan independence is a “minimally viable and acceptable scenario”, the economy minister said.
Catalonia’s pro-secession regional government argues that an independent Catalonia would be able to decide its own fiscal policy and investments, which would boost its GDP.
It says Catalonia currently pays billions more in taxes to Madrid each year than it gets back in investments and services but this would end if the region split from Spain.
The Catalan government estimates it pays 16 billion euros ($19 billion) more to Madrid than it gets back, or about 8.0 percent of it the region’s GDP.
Robert Mueller suggested to Congress that they have a potential obstruction case, which creates an opening for Congress to Impeach the President anyway. The burden may now be on the President to prove he is innocent.
Thai authorities filed a complaint accusing the couple of breaching a section of the country’s criminal code that relates to threatening the sovereignty of a state, and erosion of a state’s independence – these charges carry a death penalty!
According to a poll recorded in 2016, a stunning 67% of Republican voters thought mass immigration was a critical threat, but only 16% of GOP leaders agreed that it was a serious problem. Politicians serve their donors instead of their constituents, which has led to bad US immigration policies and open borders.
The health department has not disclosed the number of people who contracted measles post-vaccination. One doctor cited in the lawsuit argues the current Brooklyn measles cases are not “a clear and present danger to the public health” sufficient to require a mandatory vaccine order.
Instead of releasing asylum sekers, the Department of Homeland Security will have the authority to detain them indefinitely. The effect is expected to discourage new migrants because they will not be able to work and send money to their country of origin if they are imprisoned.
President Trump rejected a resolution from Congress to end US military support for the Saudi-led war in Yemen. Congress has the legal ability to compel the removal of US military forces, absent a formal declaration of war.
‘Press for Truth’ received a response from the Royal Canadian Mounted Police to his letter sent in 2017 requesting permission to inspect the surveillance video from six different cameras that recorded the January, 2017, mosque shooting in French Quebec.
After President Trump threatened to bus hordes of inbound migrants into sanctuary cities and the sanctuary state of California, Cher, the actress and singer who once advocated welcoming migrants into their homes, has changed her mind.
Stefan Molyneux questions the official story that the fire was accidental and presents reasons for suspecting it is part of the series of recent attacks against Catholic churches that have been blamed on ISIS. There were a dozen incidents of arson or serious vandalism against churches in just one week last month.
Polls show that 71% of Americans favor the single-payer modal when they are told that it guarantees insurance for all, but support drops to only 37% when people are told that the single-payer model will increase taxes.
For classified advertising rates and terms, click here. The appearance of ads on this site does not signify endorsement by the publisher. We do not attempt to verify the accuracy of statements made therein or vouch for the integrity of advertisers. However, we will investigate complaints from readers and remove any message we find to be misleading or that promotes anything fraudulent, illegal, or unethical.
JWLABS – Building fine Rife frequency instruments in the USA since 1987. We offer customer support and an exceptional warranty. Learn why all households and clinics should employ this device. Call us at 888-891-1122 to discuss the many benefits. www.rifemachine.com
Ten Days at Jekyll Island, a novel by Patrea Patrick, tells the true story of a secret meeting held in November of 1910 on a privately owned resort island, the outcome of which drastically changed the world. It was at this meeting that a banking cartel was forged; a cartel that, three years later, would be issued a government charter to do business as The United States Federal Reserve System. You will discover why secrecy was essential. Based on historical documentation from The Creature from Jekyll Island by G. Edward Griffin. (More)
Offline is a documentary on the inevitability of the Earth being slammed by a mega solar flare – not the common type that interrupts communications and creates a light show in the Northern skies – but the big brothers thousands of times more powerful. These monsters deliver enough energy to blow apart the master transformers that supply the planet’s energy grids. When that happens, the lights go out for longer than anyone wants to think about. These X-Class solar storms hit the Earth every 150 years, on average. The last one arrived 156 years ago. We are overdue (More)
Spain’s new Socialist Workers’ Party government announced it wants to remove the border fences in Ceuta and Melilla, the country’s territory in Morocco on the coast of North Africa. This will effectively open the border for mass crossings by illegal African immigrants to enter the welfare states of Western and Northern Europe.