Reason to be angry: Spain loses 20% of its economy if Catalonia splitsStaff Writer | September 30, 2017
The Spanish region is holding an independence referendum on Sunday with major economic implications for the country.
Europe Attracting investment
It contributes much more in taxes (21% of the country's total) than it gets back from the government.
Independence supporters have seized on the imbalance, arguing that stopping transfers to Madrid would turn Catalonia's budget deficit into a surplus.
Catalonia has a proven record of attracting investment, with nearly a third of all foreign companies in Spain choosing the regional capital of Barcelona as their base. ■