Below is a brief text that will give you a general idea of the political-economic situation in Catalonia. Are you ready?
Catalonia is an autonomous community of Spain, and its current president is Carles Puigdemont. It is located in the northeast of Spain and it covers an area of about 32,000 square kilometers. At the moment, Catalonia has 7.5 million inhabitants and an considerable part of the population is in favor of an independent Catalonia. More and more people vote for “YES”, and this is due to a series of reasons, especially economic ones.
Firstly, Catalonia’s fiscal deficit. Catalonia pays a lot of taxes but 16 billion euros, 8% of Catalonia's GDP, is not returned to the region. Additionally, according to economists, independence would allow Catalonia to manage its distribution of tax revenue, infrastructure, and economic policy itself. And in order to lower the unemployment rate, Catalonia could create new administration divisions that could bring between 51,000 and 71,000 jobs.
According to studies, Catalonia will not reach its full cultural, social or economic potential as long as it is a part of Spain. Together with Madrid, Catalonia finances poorer communities such as Extremadura. Of necessity, Catalonia forgoes a lot of tax money, which the Catalans would rather use in their “own country”.
Another point is the preservation of the Catalan language, a language that differentiates Catalonia from the rest of Spain - so an essential identity factor. In Catalonia, people speak Spanish and Catalan, but once Catalonia is independent, Catalan would be given priority and become more important. As for currency, the Catalans would probably continue to use the euro. The common currency is essential to stay competitive and to have a viable financial system.
We hope that this article gives you a clearer idea of the situation in Catalonia!
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