Chaos in Catalonia Hits Barcelona Housing Bubble

Chaos in Catalonia Hits Barcelona Housing Bubble by Don Quijones • Jan 3, 2018 • 15 Comments Turns out all that’s needed to halt a property bubble is a constitutional crisis of epic proportions. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET.----------------------------------- Spain’s breakaway region, Catalonia, is riven in two and as unruly as ever. Just about the only thing the latest round of elections accomplished was to confirm just how divided the region is.---------- Catalonia’s failed bid for independence has left behind a stinking economic hangover. None of the lofty promises made by the separatist forces have materialized. Four senior politicians and political activists remain in jail. The European Commission has roundly rejected any possibility of an independent Catalonia remaining in the EU. Yet enough people voted for pro-independence parties to grant them the slimmest of majorities in the region’s parliament. And that’s enough to ensure that nothing much changes.----READ MORE:https://wolfstreet.com/2018/01/03/chaos-in-catalonia-hits-barcelona-housing-bubble/