Catalonia referendum: Spanish court suspends Catalan parliament in wake of independence vote

06 October, 2017, 00:40 | Author: Chad Mckenzie
  • The couple married in an Orthodox ceremony in the magazine editor's home country of Romania

In response, the Spanish government said it would not accept "blackmail" from the Catalan leader.

"We held the referendum amid an unprecedented repression and in the following days we will show our best face to apply the results of the referendum", Puigdemont said. However, Spain's central government hopes to solve the problem itself and restore the constitutional order in the wealthy northeastern region.

Prime Minister Mariano Rajoy's government has meanwhile called on Catalonia to "return to the path of law" before any negotiations. The premier has been seeking cross-party political support for his hard-line approach after police stormed polling stations and triggered mass demonstrations.

There were also reports that the central government would approve a decree law on Friday to make it easier for companies to change their domicile, without calling a shareholders' meeting. "This is not acceptable", Puigdemont said.

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Sunday's independence referendum has sparked a major political crisis in Spain.

Puigdemont accused King Felipe VI of adopting the Spanish government's position.

"I have a very good relationship with the neighbors and before the violence in other towns, I offered the temple to them", he said, according to Russia Today. "Markets pick up on these small clues and maybe they'll feel a bit more comfortable".

"Its indifference with respect to the forceful repression of aspirations of Catalan people for self-rule will be interpreted as a sign of weakness and will deepen the confidence crisis that many Europeans feel toward EU institutions". "I think that's reality", Quebec's premier Philippe Couillard told reporters. "I am very anxious that this situation could escalate".

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Three Fed speakers were also set to take to the podium: San Francisco Fed chief John Williams at 1415 BST, Philly Fed boss Patrick Harker at 1500 BST and the president of the Federal Reserve bank of Kansas City at 2130 BST.

"S&P Global Ratings placed its ratings on the Autonomous Community of Catalonia on CreditWatch with negative implications", the rating agency said in a statement released late on Wednesday. The premium over similar maturity German bonds reached the widest in more than five months. In the meantime, drug company Oryzon announced on October 4 a decision to relocate away from Catalonia, while telecommunications company Eurona announced on October 5 that it, too, will move its headquarters from Barcelona to Madrid. CaixaBank's share price is also around 7% lower now than before the referendum. "The good news is that tension hasn't increased further".

The opposition Socialist bloc in the regional parliament, where separatist parties have a narrow majority of seats, had called for Monday's session to be blocked. That could start a 48-hour countdown to a formal declaration of independence.

However, the pro-separatist party has repeatedly violated decisions made by Spain's constitutional court, and say they are acting within a new legality that was passed in the regional parliament.

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