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Independence would be disaster for Catalonia - business leaders

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Catalonian leader Artur Mas (left) at a rally presenting the candidates of the Catalan pro-independence parties and civil societies

Catalonian leader Artur Mas (left) at a rally presenting the candidates of the Catalan pro-independence parties and civil societies

Catalonian leader Artur Mas (left) at a rally presenting the candidates of the Catalan pro-independence parties and civil societies

Spanish business leaders are painting increasingly apocalyptic scenes of what could happen if Catalonia makes a unilateral declaration of independence, as the region prepares for regional elections.

On September 27, Catalan voters will vote in what has been styled by regional premier Artur Mas as a de facto sovereignty referendum. As polls show pro-independence politicians could win a majority in the election, business leaders say they may go elsewhere if the region was no longer part of Spain.

According to the head of the Bank of Spain, Luis Maria Linde, if Catalonia gained independence, the region would not be able to keep the single currency and its position in the EU would also be under threat.

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