Catalan Independence - for Richer or Poorer?
Would independence from the rest of Spain harm Catalonia's economy?
In the Balance reports this week from Catalonia, Spain's strongest economic region. The Catalan leader has declared that the region has won the right to independence, following a referendum declared illegal by the Spanish state. But what about the economy? Catalonia accounts for nearly 20% of Spain's GDP, but who would stand to lose most if the region breaks away? Manuela Saragosa travels to the Catalan capital Barcelona to hear from business people, economists and workers on whether Catalonia can afford to go it alone.
(Picture: Protesters wave Spanish and Catalan flags in Barcelona on October 12, 2017. Credit: JORGE GUERRERO/AFP/Getty Images)