Catalonia’s new pro-independence government wants to negotiate with Madrid on the basis that it will take on 11% of the Spanish national debt, GlobalCapital can reveal. That would raise Spain’s debt-to-GDP ratio at a stroke from 99% to 111%, write Victor Jimenez and Craig McGlashan.
Oriol Junqueras, Catalonia’s new deputy president and finance minister, told GlobalCapital this week: “The criteria our government would prefer to bring to the negotiating table with the Spanish state — about what amount of the public debt we should take with us
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