Bruegel's Wolff: Catalonia is a huge issue not only for Spain but for Europe
Impact on Spain's credit rating
Catalonia independence campaign
Guntram Wolff, director of European economic think tank Bruegel, has said Brexit is "nothing" in comparison to the potential impact on Europe if the situation in Catalonia escalates further.
Speaking at a Columbia Threadneedle conference, Wolff said the conflict would be bad for Spain's credit rating, GDP and tax revenues, while also pointing to the negative impact for Catalonia as two major...
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