The ECB designs a devastating report to 'scare' Catalonia

Dołączył: 06 Mar 2024

Its banks will not receive euro bills and will not be able to attend liquidity auctions After the warnings already launched by the European Commission, the European Central Bank is also going to respond to Artur Mas' independence challenge. Prepare a report in which you will warn the top officials of the Generalitat of Catalonia of the serious economic consequences of independence and abandoning the euro. independence march. The National Police enters Catalonia to guarantee that there will be no attacks on public buildings. Read the deployment of the Mossos d'Esquadra Rajoy's confidences about Catalonia. 1) There will be a new financing model but it will also benefit other autonomies,The dialogue with Artur Mas without concessions seeks to make a move European Commission has already suggested that if Catalonia becomes independent and leaves the EU it could use the euro as its currency but would not participate in institutions - such .

Eurogroup, the European Central Bank (ECB) or the rescue fund (ESM) - and Therefore, it would not have any decision-making power , as is now the case with Monaco, Vatican, San Marino, Andorra, Kosovo and Montenegro. This statement from Brussels came just hours after the president of the Generalitat, Artur Mas, assured Middle East Mobile Number List that even though Catalonia broke with Spain, it would continue to use the euro as its currency . Ticket distribution will be stopped Well then. As El Confidencial Digital has learned from community sources, the ECB will also respond to Catalonia in the coming weeks, through a forceful report, on the devastating economic scenario that an eventual declaration of independence in Catalonia would entail. The consequences from a legal point of view that leaving the EU would have for Catalonia would involve, first of all, its exit from the euro , so it would have to create a new currency with the corresponding devaluation that it would bring with it.

Furthermore, according to the sources consulted, banks based in Catalonia would lose access to the banknote distribution mechanisms , so they would run out of cash and would most likely be forced to declare a corralito to avoid a total collapse of the financial system. No access to liquidity auctions On the other hand, Catalan banks would also be left without access to financing from the European Central Bank (ECB) , which would make the work of financial entities in the region difficult, as they would not be able to access liquidity auctions. As an alternative, they could go to the interbank market to request credit, but under very unfavorable conditions and at very high financing costs . ECD has contacted companies that may have used these investigation services, such as Mercadona or El Corte Inglés . They admit that there have been episodes of theft by their employees in recent months, but they clarify that, at no time, have detectives infiltrated their offices to discover and put an end to the thefts by their workers .