SPAIN: Catalan elections and coalition infighting still main risks to watch

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Assuming the 14 February Catalan elections take place (a court must still confirm that the vote can be held), its results are likely to have an important bearing on national politics. A defeat of the Republican Left of Catalonia (ERC) at the hands of the Socialist Party of Catalonia (PSC) would probably complicate cooperation between the two parties at the national level. Intra-coalition bickering between the socialists and Unidas Podemos poses the biggest risk to the government's economic reform program. Timing matters While the Catalan regional government has tried to postp
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