After the unsuccessful initiatives from within the ranks of the Belgian Flemish and the Scottish referendum, comes a strike pointed closely at the heart of the Union. Catalonia declared independence and Europe does not know what to do with this unexpected turn of events.
The 90% of the 2.2 million people that took part in Catalonia’s referendum voted for the independence of the region. Only 7.8% voted against it. But the most relevant data is that only the 42.2% of the 5.3 million people entitled to vote went to the polls.
Spain is facing nowadays crucial issues for the national integrity. Approximately 40,000 people have taken to the streets in Barcelona after Guardia Civil has arrested 14 people in the offices of the Catalan government, some of whom are senior officials, like Josep Maria Jové, secretary general of economic affairs.
Not even government subventions can help the sinking Peugeot, so the company has to be rescued by a Chinese partner.
We received the Nobel Peace Prize. The British want to have their own laws at home. Will we pay new taxes to fill in the Eurozone’s budget? ESM is officially working, we will see how much it will finally cost us. Red Cross is going to help Spain. Majority of us haven’t ever won any award, so this news is completely out of the blue. We received the Nobel Peace Prize! Well, the European Union…
Finally we are sending ESM our money. Spain is waiting for a miracle. Greeks saved money for karts. Iranians made a bomb – inflationary bomb! Similar bomb is predicted by FED’s models. So we finally have it. After months of negotiations, voting and ruling ESM – the permanent bailout mechanism – is finally here. It is the first time when Slovakia provided real money for saving the euro, to be specific EUR 264 million. As the saying…
The Hot Wednesday wasn’t that hot after all. Greece denies need for the third bailout package. Spaniards don’t want any bailouts either. Rompuy has a plan. Americans don’t want to be left behind. The Judgment Day came, but it didn’t bring any shocking surprises. Bailout mechanism is not against the Constitution in Germany and the parliament can ratify it. The opponents got a little gift at least, the court forbade automatic ESM increasing over the initia capacity,…
In Spain it will be hot after the summer. Judgment day will be on September 12. Did you sell grandfather’s gold teeth in Italy? We are treating depression by delivering news about bad situation our neighbours are in. The heat is slowing down the pace of society, but if you think it will slow down the pace of the crisis in the Eurozone, you’d better check if you don’t have sunstroke. Even though the news…
