But how do we get to 1861 and that secession crisis with Alexander H. Stephens delivering this Cornerstone Speech, declaring that, "Hey folks, it's all about slavery and its preservation?"

但事情怎么会演变到1861年那样,乃至之后的分离危机,亚历山大为何能在这篇演讲中,宣称,"嘿,伙计们,今天我要讲的是奴隶制和对其保护"

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And Spain may be facing a bona fide secession crisis from Catalonia, which would likely mean a meltdown in the Spanish sovereign debt market.

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Bond markets, which have for 12 months tried to price the risk of a eurozone breakup, now have to calculate the possibility of the breakup of the Spanish state - for secession in Barcelona would surely prompt centrifugal tendencies in the Basque region, and exacerbate the fiscal crisis in the poorest regions.

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The crisis is a direct result of both sides' failure to make progress in negotiations over post-secession security arrangements, citizenship rules and oil revenues, among other issues that should have been resolved long ago.

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