Spain: «When there is fear capital leaves» — Caixabank moves from Barcelona, city's residents react

CaixaBank is set to move its headquarters from Barcelona to Valencia, the company announced on Friday, the former's residents gave their reaction to the news from the city. Spain's third-largest lender and the biggest Catalan company by market has officially joined ranks of Catalan firms, among which Spain's fifth-largest bank Sabadell, that switched their registered offices out of Barcelona, as... Еще the Catalan parliament is set to declare independence unilaterally. Cesar, a Madridrista living in Barcelona, said «Capital everywhere is afraid of instability. This is not happening just because it is Catalonia. Capital's reaction is always the same: when there is instability, uncertainty, when there is fear, capital leaves.» Other Barcelona locals and residents spoke out. «It makes me sad because I wouldn't like the Catalan economy to collapse. I can perfectly understand it, if I had a company,» said local Mercedes Cerna. «They (the Spanish Government) are throwing as many obstacles in the way as they can and one of them is to ease the path for companies that want to leave,» said another local Consuelo, adding, «It is a measure of pressure the Catalan Government.» Spain's government is expected to issue a decree on making it easier for Catalonia-based firms to leave the region and transfer their legal and tax bases to another location. Catalonia held a referendum on October 1 to decide on the region's independence, however, the Spanish government deemed the action 'illegal' and 'unconstitutional'. At least 893 people and 33 police officers were reportedly injured in violent confrontations between voters and Spanish police who attempted to stop Catalans from voting at polling stations.

Самое интересное

Новости партнеров

ТемыВсе темы