Catalan freedom fighters hit Australian dollar

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The butterfly flaps its wings, via the FT:

More than 2m people defied Spanish government attempts to halt Catalonia’s referendum on Sunday, with 90 per cent of those who voted backing independence, according to the regional government.

Late on Sunday, Jordi Turull, the Catalan government spokesman, released preliminary results showing that 2.26m votes had been counted, representing about 40 per cent of the 5.4m eligible voters. Carles Puigdemont, the Catalan president, said the region’s citizens had “earned the right to have an independent state”.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.