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Markets should fear Catalonia nationalism

The recent vote in Catalonia in favor of independence will create more problems for economically decrepit Spain.

BARCELONA, SPAIN - NOVEMBER 23: President of Catalonia and President of the Pro-independent political party Convergence and Union (CIU) Artur Mas waves to supporters during the closing rally ahead of the Catalan Elections.

David Ramos

AFP/Getty Images

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