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"Catalonia Needs Its Own Central Bank": Spain's Black Swan Lives As New Catalan President Sworn In

When last we checked in on Catalonia, Spain’s black swan was splashing around in a desperate attempt to avoid snap elections just three months after the region’s parliament approved a “democratic disconnection” resolution and just four months after Catalans voted in what amounted to a referendum on secession from Spain.

Spain May Need Second Election After Anti-Austerity Party Scores Big At Ballot Box

“Today sees the start of a new political era,” Podemos leader Pablo Iglesias told supporters gathered in Madrid after Sunday’s largely inconclusive elections in Spain. “The forces of change are making a historic advance.” 

Iglesias is certainly correct that things have changed. Spain’s three-decade old political duopoly was toppled over the weekend with PP and PSOE garnering their lowest combined share of the vote since the eighties. 

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