Sunday, 22 October, 2017

Spanish court suspends Catalan parliament session

Europe trades mixed as Spanish stocks remain under pressure on Catalonia concerns Stock Market News (US Open) – IBEX continues to fall; overall picture in Europe little changed; Wall Street renews highs
Andrew Cummings | 06 October, 2017, 00:41

The government of Spanish Prime Minister Mariano Rajoy - who called the vote a "mockery" and whose position has been supported by the Spanish king as well as other European Union leaders - has so far expressed little desire to involve a third-party negotiator.

The king caused outrage among many Catalans by vowing to keep Spain together in the face of the "unacceptable disloyalty" of the Catalan leaders.

"Political risk is back on the agenda in Europe", NFS Macro analyst Nick Stamenkovic told AFP.

As of the present time, the Spanish government and the judiciary have not spoken regarding arresting Puigdemont, however, they are accusing him of breaking the law for the illegal referendum.

The head of the main Catalan business lobby, Joaquim Gay de Montella, said unilateral independence would be "a mistake for the Catalan and Spanish economy and business in general".

Opposition parties have announced plans to appeal to the Constitutional Court to halt Monday's plenary session in the regional legislative.

Puigdemont has not explained the scope of his proposal for worldwide mediation, whether it would envisage a compromise short of independence or deal only with divorce arrangements.

Accusing them of "disloyalty", the king said that the state had to "ensure constitutional order".

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She criticised Puigdemont for reminding the King's duties and his comment on the King's speech saying "with this tone you had disappointed many people who respect you". "He is deliberately ignoring millions of Catalans".

The country's constitutional court said such a declaration would be "a breach of the constitution".

He also accused the national government of failing to respond to proposals for mediation in the crisis. It could intervene and suspend the autonomous status of Catalonia, an unprecedented step in 40 years of Spanish democracy. Spain, which is emerging from a deep economic crisis, would lose one of its most economically developed regions and one that represents roughly 20 percent of the nation's GDP.

Hundreds of thousands of Catalans rallied in fury on Tuesday during a general strike over the police violence during the referendum.

Speaking in a televised statement on Wednesday night, Puigdemont reiterated an offer for mediated talks while attacking King Felipe VI's condemnation 24 hours earlier of Catalonia's illegal referendum on Sunday.

Anderson also called for external mediation, condemning the European Commissions deference to the Spanish Government in calling the situation an "internal matter". Catalonia's total population is around 7.5 million.

The Catalan government is now to decide how and when exactly the declaration of independence could be made.

Catalan authorities say around 900 people were injured and that of the almost 2.3 million votes counted, 90 percent voted in favor of an independent Catalan Republic. The vote did not have any census controls, electoral board or official vote-counting teams or global observers of any weight.

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