Separatists will likely win the Catalan elections - Rabobank
|Maartje Wijffelaars, Senior Economist at Rabobank, notes that the Catalan separatists are likely to win the elections, but might lose their absolute majority.
Key Quotes
On Dec 21st, Catalans will go to the ballot box to vote for a new regional government.
The separatists are likely to win the elections, but might lose their absolute majority.
A fresh push towards unilateral independence is unlikely, at least in the coming years.
Nevertheless, while tensions are unlikely to return to levels seen in October, it could take many years before tensions actually recede.
It will be extremely difficult to find a solution for the institutional crisis that is acceptable to both sides. But at the end of the day, we still believe that Catalonia will stay part of Spain with more (fiscal) autonomy.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.