by Cedit Suisse
The debate on what would happen if Scotland or Catalonia became independent opens up some very interesting arguments. On one side we have politicians and corporations advocating the “united we stand, divided we fail” view. Their main argument is that a break-up would create a lot of uncertainty on the legal,monetary and fiscal fronts. On the other side, those in favor of independence argue that Scotland and Catalonia are culturally, politically and economically distinct from the “Union”.
