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Catalan breakaway ‘would threaten financial stability’

AFP

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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.

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.

In this article:Banking, Catalonia, Politics, Spain, Vote
AFP
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With 2,400 staff representing 100 different nationalities, AFP covers the world as a leading global news agency. AFP provides fast, comprehensive and verified coverage of the issues affecting our daily lives.

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