Our FREE Investing Newsletter
    Get Exclusive Summer Sale Discounts

    By joining our email marketing list you agree to receive marketing emails from Hedgeye. You may unsubscribe at any time by clicking the unsubscribe link in one of the emails. All Hedgeye products and services are subject to Hedgeye’s Terms of Service available at www.hedgeye.com/terms_of_service

Huge news in Europe today…Catalan lawmakers voted to declare independence from Spain. Meanwhile, Madrid immediately moved to quash the breakaway bid in a sharp escalation of a crisis that has caused jitters in secession-wary Europe.

Renowned European economist and author Daniel Lacalle joined us in the HedgeyeTV studio this afternoon to offer his take on the developments. He discussed the implications with Hedgeye CEO Keith McCullough.

A few quick thoughts from Lacalle:

  • Catalonia secession is not about freedom, it is about bureaucracy
  • Catalonia risk could reduce Spain GDP growth to 2.3% in 2018 vs 3.1% 2017
  • Secession would result in recession for Catalonia and negative GDP revisions for Spain

Watch the clip above from their interview.

The full interview will be released next week.

Catalan Independence: Bad For Spain (and Catalonia) - etf pro