Catalan breakaway 'would threaten financial stability'

GMT 16:24 2015 Friday ,18 September

Arab Today, arab today Catalan breakaway 'would threaten financial stability'

Catalans celebrate their National Day
Madrid - AFP

Major Spanish and European banks warned Friday that Catalonia would put "financial stability" at risk if it separated from Spain and the EU, potentially driving them to abandon the region.

With Catalan leaders campaigning for independence in a regional election on September 27, the banking associations AEB and CECA warned in a statement of "risks to financial stability" that would force them to "reconsider their presence" in Catalonia.


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