Reuters, on the 15th December, published a statement from Moody Corporation, confirming it may downgrade Spain’s debt rating in order to help preventing Euro to keep falling during Q1-2011. The worldwide finance reference corporation, dedicated to the provision of credit ratings and economic research, among other services, is to strictly review Spain’s Aa1 ratings for a potential downgrade, and expressed its concern about the Spanish mounting debt and 2011 funding needs.

Despite Moody’s last article confirmed a negative outlook for Spanish banks and funds for the upcoming year, it is doubtful that Spain will finally require the EU bailout, as Greece and Ireland already have.

Further to Reuters newsflash, The New York Times confirms European stocks lost already some ground after Moody’s revision on Spanish ratings, which obviously decreases the Euro value compared to US Dollar and Swiss franc and puts Spain once more into a burdensome financial momentum.

Analysts believe Spain will suffer major post-crisis market circumstances during early 2011, which could even feel worse that what the country already suffered during 2009. As a consequence to this troublesome economic situation, it is expected both worldwide import and export from/to Spanish territory will strongly drop next year.

How this situation will impact into the Catalan market, on all scopes, is something Catalan entrepreneurs have been fearing already for a long time now. Many Catalan companies have been financing their poor Spanish clients, especially since financial crisis erupted end of 2008. But banks shortened or totally cut credit lines to most of them, and some companies already declared bankruptcy or had to fire most of their personnel to cope with the expenses, while being forced to provide wider financing conditions to their Spanish customers.

Catalonia is suffering in constrain in of the worst business momentums for our country. The central government restrictions imposed to Catalan company owners of medium and small organizations are tougher than for other regions of the Spanish state, and the economical helps provided to companies within the Catalan territory are considerably lower as well.

Catalonia has a strong tradition in commerce and business practices worldwide since before the Roman Empire, and operating both economically and industrially independently from the Spanish state could for sure increase the volume of business within Catalan territory, help to decrease the deficit and of course, provide higher country revenues.

From a strictly objective business point of view, it is highly counterproductive for Catalonia to keep being a member of the Spanish state instead of being a member of the European Community.  The economical advantages of becoming a state of the European Community are as evident as the disadvantages of Spain letting us go. However, it is in our right, as the Declaration of Human Rights states, that everyone has the right to have a nation. And ours is Catalonia!