Independent Catalonia will be kicked out of the eurozone, warns central bank governor

‘Spain’s Catalan region will be automatically ejected from the eurozone and its banking system brought to collapse, if voters choose to back independence for the region this weekend, the country’s central bank governor has warned.

Luis Maria Linde, head of the Bank of Spain, said the region would not be able keep the single currency and its position in the European Union as a whole would be under threat should it decide to break away from Spain.

“The exit from the euro is automatic, the exit from the European Union is implied,” he said.

Catalan banks would also “stop having access to the European Central Bank’s facilities”, cutting off the last remaining link between the financial system and the eurozone.’

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