Spain's Economic Nightmare Has Gotten So Bad That Catalonia Wants To SecedeWhat started out as a celebration that marked marking Catalonia's "National Day" turned into one of the biggest gatherings the city has ever seen.
Over a million Catalonians descended upon Barcelona yesterday, protesting current economic conditions, tax policies, and what they see as an unequal distribution of wealth.
"Catalonia: a new European state"
Catalonians have long viewed themselves as culturally distinct from the rest of Spain. They have their own history, traditions, and a distinct language native to their region. But now, the economic climate has driven a huge amount of people to favor full independence.
And even though Catalonia needed a €5 billion bailout package from Madrid last month, it still transfers up to 9 percent of its GDP to Madrid annually.Source : http://www.businessinsider.com/catalonia-an-independent-state-2012-9#ixzz26GwK0bOBhttp://www.investorseurope.com