The perversity of the Spanish tax system is that Catalonia, while is being plundered every year 40% of taxes collected in Catalonia which never come back, has just been forced by Spain to a humiliating bailout.
The yearly fiscal deficit of Catalonia with Spain amounts to 18 billion euros for a population of 7.5 million.
How can the system be such that the net contributor to the finances of a state, Catalonia, needs to be bailed out with their own money? How can Spain blame Catalonia for the state of their dire finances when most services are provided by Catalonia but most debt is caused by the Spanish government spending?
Catalan President Mas and its government have failed today to defend Catalonia’s interests and has opened the possibility for Spain to suppress Catalonia’s institutions. In the terms that Mas’ party voted for in Madrid.
Mas promised he would achieve fiscal independence for Catalonia during this term but instead his government has surrendered what was left of Catalonia’s self government to Spain in a silver platter for a mere 5 billion euros. Mas has failed to stand for its country.
Because essentially after the bailout, any deviation from the deficit targets by Catalonia, which it will not meet because of the general state of the economy, will mean that the Spanish Government will be able to decide exactly how every euro cent will be spent in Catalonia (CA). So it will be almost impossible to stop things like this or this from happening.
Not to speak of the public and international humiliation at having Catalonia be seen as an irresponsible country and the damage to its image and credibility because the Catalan Government has failed to explain the situation.
Mas should resign immediately and call for elections.