Catalan Crisis Cost Spain's State Budget EUR 1 bln

The crisis in Catalonia cost Spain's state budget at least 1 billion euros.

"The Catalan crisis and the referendum on independence cost a billion euros," said Spanish Economy Minister Luis de Guindos.

According to him, following a referendum on independence, which is not recognized as legitimate by the Madrid authorities, there has been a slowdown in economic development in Catalonia.