Investment projects in the northeastern region of Catalonia have been paralyzed by the current political uncertainty, Spanish Economy Minister Luis de Guindos said on Thursday.
“This is generating uncertainty that is paralyzing all investment projects in Catalonia. I‘m convinced that, right now, not one international or national investor will take part in a new investment project until this is cleared up,” de Guindos told Reuters in an interview.
However, Catalonia’s planned unilateral declaration of independence has still not had any impact on overall economic output, he said, reiterating that he expected Spain to grow more than 3 percent this year.
On the government’s plans to sell a further stake in state-held lender Bankia, de Guindos said Madrid would look at the placement again once the Catalan crisis had been resolved.
“We’re starting to see an enormous concern due to the irresponsibility of the Catalan government, and alarm has been growing in the last days and hours,” he said
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