Economy

Spain blocks Catalan parliament session

Spain blocks Catalan parliament session

According to Mireia Boya, a Catalan lawmaker from the pro-independence Popular Unity Candidacy (CUP) party, Monday's declaration of independence would be followed by a parliamentary session to evaluate the results of the October 1 vote to break away.

A debate and vote had been lined up for Monday, with a declaration thought likely to follow some time after.

Reacting to the news, Catalan parliament speaker Carme Forcadell said the suspension was a "violation of freedom of speech".

If the session goes ahead, the parliament's leaders could face criminal action.

The prospect of secession is boosting pressure on Prime Minister Mariano Rajoy and his minority government in Madrid.

Another sign of tensions was the decision of Banco Sabadell, one of Catalonia's largest banks, to move its registration outside the Catalonia region to the eastern city of Alicante, the bank said in a statement.

Heavy-handed tactics employed by Spanish police trying to stop the ballot on Sunday which the regional government said left over 840 people needing medical treatment have been widely criticized.

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Finally, Russell Investments Group Ltd. boosted its position in American Eagle Outfitters by 84.6% during the second quarter. The company had revenue of $845.00 million during the quarter, compared to the consensus estimate of $823.84 million.

Svetlova, the Knesset member, is also mum on where she stands when it comes to Catalan independence - perhaps out of the realization that declarations by Israeli officials risk harming Israel's relations both with Spain and potentially a future Catalan independent state.

"This is not a question of arbitration or mediation, it is a question of a government that has to enforce the law", de Guindos said. Dialogue brings people together, we are in a world that is becoming more and more radicalized.

'However, the state has not given any positive answer to those offers'.

Indeed, when Scotland voted to remain in the UK, Mr Rajoy - with an eye on Catalonia and the Basque Country - congratulated Scots for "clearly and unequivocally" rejecting independence, and voting "en masse, peacefully and with scrupulous respect to the laws of their country".

Head of Catalan government Carles Puigdemont has asked the European Union to help in the resolution of the crisis.

With Spain's worst constitutional crisis in decades deepening, for the King to comment directly on a political event in or outside the country is nearly unprecedented.

Madrid has the power to suspend the semi-autonomous status that Catalonia enjoys under Spain's system of regional governments.


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