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.
Recent developments in India continued to steal headlines in the past couple of weeks. A surprising upshot was reported in both China and Vietnam while Spain and cannabis in the U.S. also generated significant interest.
Financial crisis with its accompanying factors, including the high rates of unemployment, tax increase and sever cuts in public services led to the increasing popularity of the radical left-wing parties in Greece and Spain, while not rendering the same result in Portugal.
In the last five years, Piraeus Bank has lost 97% of its value and Eurobank (indeed, an apt name) an astounding 99.8% of the value. Their market value is currently five times lower that the market value of the Uber company. However, the Stock Exchange has not reached the historic low of the year 2012.
Hungarian citizens can be more engaged and active in politics, though it is not certain, whether the Podemos-model as a whole can be simply copied. There are differences in the political culture as well as taste, not to mention that for many the radical rightist Jobbik is also an acceptable anti-regime alternative.
The sick man of Europe – France – is all over the economic papers for almost a year now. But while the critique focused on Holland and his companions, the biggest economic nonsense competitor walked quietly in the shadow – Italy.
Six years in Spain mean six years of falling real estate prices. If you invested in the average Spanish house in 2008, today you have 35% loss on your investment.