Earlier today, Catalonia declared independence from Spain. This immediately prompted the Spanish Prime Minister to both dismantle the region's government, and also to call for a new election.
The turmoil in Catalonia is not just impacting Spain, but across the EU as well. Fernando Napolitano, founder, president, and CEO of the Italian Business and Investment Initiative, an organization dedicated to facilitating business between Italy and the U.S. joins Chedder.
Napolitano explains that, as a whole, the EU works together, but it is imperative that each region contribute to the overall economy. He also gave an explanation for how Italy continues to work its way out of a recession economy.