Saturday 21 June 2014

Basque Nation-Building Lures Emigrants Home to Bilbao (Bloomberg news)

Ramon de la Sota returned to Spain to help set up an investment firm -- and work toward making his Basque homeland a fully-fledged European state. 

“We’re very Basque nationalist,” de la Sota, 35, a former General Electric Co. (GE) executive who studied at Insead business school in Paris, said over lunch with a group of fellow returnees in downtown Bilbao. “But independence is a long-term project. There are things we have to do first. The dream is to build an international champion based here.”.

With a new king, Felipe VI, preparing to take the throne tomorrow and Scots and Catalans readying for back-to-back referendums on independence later this year, constitutional reform has been thrust on to the agenda in Spain. Yet for leaders in Bilbao, the business capital of the northern Basque region, building up the economy comes before joining the rush to redraw the map of Europe.


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