the german investors alone in spain there are thirteen hundred active german companies catalonia accounts for almost half of these investors if the small north eastern region becomes a separate country the investments of five hundred twenty german companies would break away in one fell swoop and if it breaks from spain catalonia would presumably lose its status within the e.u. that means it would not benefit from the common currency and open borders this would likely increase the cost of doing business there a scenario investors would certainly want to avoid. the crisis around catalonia is also having an effect on stock markets even though germany s goods have been best as celebrated as story high of the dax index on wednesday it failed to break through the thirteen thousand points as because investors mood was dampened by events in spain germany s benchmark index the dax
speech was an endorsement of the policies of prime minister roy policies that are cut just traffic for catalonia. in madrid no one can quite fathom how did it come to this the journalist and author and less to it because there has been covering the unfolding crisis. like. madrid shouldn t have sent police to try to prevent the referendum they should have let it happen the results are legal anyway the images of violence have galvanized the independence movement. the conflict isn t a new one two thousand and six offered a brief opportunity to defuse the situation a treaty offering catalonia more independence was put on the table but it was blocked by mariano rajoy then the head of the opposition he along side spain s constitutional court was troubled by the treaties reference to a cat s
a land nation you know more this wasn t stupidity or short sightedness this was political tactics polarize people as much as possible promote and teakettle and sentiment and the votes in the rest of spain are there for the taking. since then laws passed by the catalan government have often been met with opposition in madrid and often end up before spain s constitutional court. these new laws don t necessarily relate to the independence need notes they can also govern issues such as gender equality energy regulation accenture. spain s constitutional court has forbidden catalonia from splitting from spain leaving the nation at an impasse and the catalan town of my your people are calling for international support they have this plea help us europe. was cross over to barcelona now the capital of catalonia our correspondent fanny
responsibility for this entire crisis lays within catalonia and of course the central government who is also not really giving into those dialogue offers that that the barcelona wants only or unless barcelona returns to constitutional law which is not going to happen as it seems because just yesterday via food in the speech of the catalonia president that he wants to apply the results of the referendum which would mean in the run down coming within the next few days that he will or wants to the clay are independents so yes right now it really is a corny situation however is it inevitable that s the question because i think independence could be avoided if this dialogue takes place within the next few days is always some sort of a room of dialogue when these diplomatic challenges remain open and as we say there s always an option in politics if the two parties somehow come together what will day that something at this point funny thank you so much to w. s family fun
fox is standing by for us there good morning fanny we just heard your that some in catalogs at least are calling on europe to help can europe help. that s a good question exactly how that s what the regional president of catalonia which they want is looking for it here in his office behind me but when you listen to the voices coming out there from strasburg yesterday when the european parliament convene it doesn t look like the european union wants to take on this role as a mediator in fact the vice president of the european commission has made clear that this is a domestic issue and the dialogue needs to be taken to be taking place here between and barcelona nothing new they are many other politicians have said that before in europe so is germany s chancellor merkel saying that this is a domestic issue must be booked out here at a table between the two parties so no it doesn t look like that president put him