The Economy of Catalonia

4.2. In or out ofthe euro: certainties and
uncertainties
Miquel Puig
(Translated by Miquel Strubell)
Introduction
The aim of this paper is to make a reasoned analysis of the consequences
that Catalonia’s independence would have on its currency, distinguishing
between those that we can be reasonably confident about and those
that depend on decisions about which any forecast will be basically subjective.
Essentially, I think the element of discrimination is whether or
not they affect non-Spanish economic interests.
Independence framework
I will suppose that the independence of Catalonia takes place in an institutional
framework similar or identical to the current one, i.e., Spain is integrated in the
European Union and the euro. I will further suppose that the political parties
that lead this independence of Catalonia pursue maximum integration of the
new country in the EU, and keeping the euro as its own currency.
In or out of the euro 93