Opinion
Cost analysis
Mark Nayler
Estimates for the potential cost to Spain of the Catalonia crisis are like those of Brexit for the UK: in both cases, the figures are constantly changing, depending on what side of the argument they're coming from. The latest forecast regarding the ... government after the December 21st elections. Total cost: 3 billion euros. But in a worst-case scenario, the bank assumed that the crisis triggered by the illegal independence referendum of October 1st (O1) would continue well into 2018 and possibly beyond. ... have yet to form a government). Might De Guindos' prediction that the independence crisis will cost Spain a billion euros turn out to be absurdly optimistic? As things stand, there is little reason to think so. Although Catalonia itself has been hit