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just remember that Catalan companies have their business and their income in Spain, not in Catalonia, not in foreign countries, in Spain. And independence means not depending on the income and funding provided by Spain and Europe. In case of independence you will have to create your own currency and suffer a brutal devaluation and capital flight. Nobody will lend you money. but the consequences of independence have already begun
S&P threatens to lower Catalonia's rating to the level of underdeveloped countries
Standard & Poor's solvency rating agency threatens to downgrade the rating from Catalonia to B, which means sinking it further into the junk bond and placing it at the level of countries like Zambia, Cambodia, Jamaica, Rwanda or Cameroon. In an official statement, S & P announces that it places the current rating of the Generalitat debt, located in B +, in "negative perspective" and that it can lower it one or two steps if the current "political confrontation"
https://www.elplural.com/economia/20...bdesarrollados
Banco Sabadell to move headquarters to Alicante due to uncertainty in Catalonia
Catalonia’s second biggest bank, Banco Sabadell is to move its registered office to Alicante. The board of directors has confirmed the move today, Thursday, in order to curb the hit that it was suffering in the markets.
During the course of the week the share price `plummeted by almost 10% although it began to recover on Thursday afternoon following the decision to relocate.
The decision on Thursday by Banco de Sabadell to move its headquarters to Alicante came at the same time that CaixaBank, the biggest bank in the region and the country’s third largest, also considered domiciling outside Catalonia.
http://www.theleader.info/2017/10/05...nty-catalonia/
Catalana Occidente plans to take its headquarters outside Catalonia
The insurer Catalana Occidente plans to change its headquarters which is currently in the Barcelona city of Sant Cugat in view of the situation that crosses Catalonia.
The entity states that it has an international dimension, which is present in more than 50 countries and has more than 150 years of history. "We have lived through diverse and complex situations throughout our career. We will be very attentive to all events and depending on how the events unfold, we will take agile decisions that are appropriate, to preserve the interests of our customers, workers, mediators and shareholders, "he says.
http://www.expansion.com/empresas/20...23c8b463b.html
Spain to Make It Easier for Firms to Move Base From Catalonia as Business Alarm Deepens
MADRID — Spain's government will issue a decree on Friday making it easier for firms to transfer their legal base out of Catalonia, two sources said, in a move that could deal a serious blow to the region's finances as it considers declaring independence.
The decree is tailor-made for Spanish lender Caixabank, sources familiar with the matter said, as it would make it possible for the bank to transfer its legal and tax base to another location without having to hold a shareholders' meeting as stated in its statutes.
"The government is working on changing the law so that it's no longer need to have a shareholders' meeting, which would delay a change of the legal base in a case of emergency," one of the sources said.
https://www.nytimes.com/reuters/2017...-business.html
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