Catalonia Wants ECB Seat After Referendum: Euro Credit

ECB

The Catalan government is targeting a seat on the European Central Bank’s governing council after the referendum it plans to secede from Spain, regional finance chief Andreu Mas-Colell said.

“Being a member of full standing in the European Union means that,” Mas-Colell said in an interview at his office in Barcelona this week. “We are in favor of having our own state, which would give us solidity and standing in the international community.”

Leaders of Catalonia, with a 194 billion-euro ($262 billion) economy and its own language and parliament, are seeking independence from Spain, the euro region’s fourth-largest economy. Catalan President Artur Mas is planning a referendum next year and is drawing European institutions into the dispute with Prime Minister Mariano Rajoy, who has said any vote would be illegal.

While Catalans have becoming increasingly supportive of independence — 52 percent want to split from Spain and 81 percent want a chance to vote, according to a survey of 800 people by polling company My Word last month — the region’s autonomy within Spain has been curbed over the past year after Mas accepted a bailout from the Spanish state.

Read @ Bloomberg

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