Governor warns bank accounts could freeze if Catalonia splits from Spain

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Luis Garcia
Bank of Spain

Governor of the Bank of Spain Luis María Linde has announced that if Catalonia divides from Spain, there could be a risk of economic measures which would result in clients accounts being frozen.

This situation could mirror the events that are occurring in Greece, where officials control people’s access to their own accounts.

However, the governor also alluded that this would be a “highly unlikely” prospect but wanted to warn the people of Spain.

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The residents of the northeastern region will cast their votes on Monday and Artur Mas, the regional premier, has reminded citizens that if they were to win independence there would be a separation from Spain.

If independence was to take place, the newly independent state would have restricted access to European Central Bank financing, which would result in them leaving the Eurozone.

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