Cyprus at Center of Escalation as EU States Boost Military Presence and Security Coordination
France, Italy and Greece have agreed to align their military presence in Cyprus and the eastern Mediterranean in response to rising regional tension
The Catalan Crisis Could Cause Spain to Lose 12 Billion Euros
World | December 14, 2017, Thursday // 10:11
- Tweet
Send to Kindle
twitter.com
The Spanish economy may lose up to € 12 billion as a result of the recession in the tourism sector because of the Catalonian crisis. These data is reported in "Rasson" and BGNES, citing the research company "Reputation Institute".
According to the report, compared to March this year, Spain's popularity as a tourist destination among Europeans fell by 3.1 points due to the political conflict in Catalonia. In addition, six out of ten citizens on the Old Continent believe that the so-called "Spanish brand" has already suffered from the region's crisis. In this respect, real investment across the country may drop to 1.95%.
On October 27, the Parliament of Catalonia adopted a resolution on the proclamation of an independent republic. The Spanish Senate then approved Madrid's request to activate Article 155 of the Constitution of the Kingdom to restrict the self-government of the region. The local leader, Carles Puigdemont, was removed from office, and the regional parliament was disbanded. Elections are due on 21 December.
Related Articles:
Spain Denies US Claims of Military Cooperation Against Iran, Stands Firm on Base Restrictions
Spanish Foreign Minister José Manuel Albares has firmly denied claims by the United States that Spain has agreed to assist in the American military operation against Iran
Spain Says No to Trump’s Threats: Sanchez Warns of Global Catastrophe if War Continues
Spanish Prime Minister Pedro Sanchez has delivered a firm rebuttal to US President Donald Trump’s threat to cut trade with Spain, emphasizing his government’s refusal to participate in military action against Iran and reiterating a clear stance of “No to
Oil Surges, Stocks Dive: Trump Fails to Calm Strait of Hormuz Panic
Global financial markets extended their losses on Wednesday, as investors remained unsettled despite assurances from US President Donald Trump that Washington was prepared to deploy naval escorts for tankers transiting the Strait of Hormuz
World | March 4, 2026, Wednesday // 10:00
Spain Forces U.S. Jets Out After Blocking Bases for Iran Strikes
Spain has barred the use of its military bases for strikes on Iranian targets, prompting the immediate departure of U.S. aircraft stationed in the country
Elon Musk Slams Spanish PM as 'Tyrant' Over Teen Social Media Ban
Elon Musk has sharply criticized Spanish Prime Minister Pedro Sánchez over proposed rules that would restrict social media access for children under 16, calling the leader a “tyrant” and a “fascist totalitarian” on X
Von der Leyen Warns EU: Turning Away From Nuclear Was a Strategic Error
European Commission President Ursula von der Leyen has called the European Union’s decision to reduce its reliance on nuclear energy a strategic misstep, highlighting the bloc’s dependence on imported fossil fuels
Bulgaria Seeks Next EU Cash: Acting PM Tells von der Leyen Work on Payments Is Accelerating
Caretaker Prime Minister Andrey Gyurov held talks with European Commission President Ursula von der Leyen in Paris, focusing on Bulgaria’s progress under the Recovery and Resilience Plan and the upcoming payments expected from the European Union
Ukraine Strikes Back: Forces Break Through Russian Lines in Dnipropetrovsk Oblast
Ukrainian forces have achieved significant advances on the Oleksandrivka front in Dnipropetrovsk Oblast, marking the culmination of months of careful planning and preparatory operations
Greece Offers Vouchers and Tax Cuts to Offset Rising Fuel and Food Prices
The Greek government is preparing a set of support measures to help households and businesses cope with rapidly rising fuel and food prices.
Turkey Deploys Patriot Missiles After Iranian Strikes, NATO Steps Up Defense
Turkey has begun deploying a Patriot missile defense system in the central part of the country following a new incident involving an Iranian ballistic missile that entered Turkish airspace
European Gas Prices Post Sharpest Single-Day Drop Since 2023
Natural gas prices across Europe fell sharply on Tuesday, dropping 16% to around €47 per megawatt-hour after spiking to a three-year high above €69/MWh the previous day.
