Wednesday 4 October 2017

FLASH: Catalonia To Secede From Spain Soonest - Leader

Catalonia To Secede From Spain Soonest - Leader
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The Leader of Catalan, Mr. Carles Puigdemont held a press conference after a meeting with the members of the Catalan government at the Catalonian Parliament building, also known as Palau de la Generalitat in Barcelona, Spain on October 02, 2017 after the controversial Catalonia's illegitimate independence referendum.

The Catalonia's pro-independence leader unequivocally disclosed that the region would declare independence from Spain "in a matter of days."

Speaking to the newsmen on Tuesday, 3rd October 2017, the head of the Catalonia's devolved government Mr. Puigdemont stated that his administration would declare independence from Spain "at the end of this week or the beginning of next."                                              

"We are going to declare independence 48 hours after all the official votes have been counted," he said. When asked when that would be, Mr. Puigdemont said "this will probably finish once we have all the votes in from abroad at the end of the week."

"And therefore we will act over the weekend or early next week," he added.

Mr. Puigdemont's comments came shortly after a largely symbolic referendum on independence was held in Catalonia last Sunday being 1st October 2017.
Although only 2.26 million people out of an eligible 5.3 million Catalans voted, a turnout of around 42 percent, 90 percent of those who did go to the polls voted for independence.

The vote – deemed unconstitutional and illegal by the national Spanish government and Constitutional Court - was marred by a violent crackdown by Spanish police which left hundreds of people injured.

On Tuesday, 3rd October 2017 a massive general strike in protest at the police action was held in Catalonia with tens of thousands of people taking to the streets, Reuters reported.

The latest comments from Catalan's independence figurehead Mr. Puigdemont threw the gauntlet down to Spain to do what it can to prevent one of the worst constitutional crises in the country's recent history.

However, it's noteworthy that the Spanish Prime Minister, Mr. Mariano Rajoy has condemned the vote and on Tuesday, Spain's King Felipe got involved, showing how serious the matter has become.

In a televised address, King Felipe said the Catalan leaders had "infringed the system of legally approved rules with their decisions, showing an unacceptable disloyalty towards the powers of the state."
Political analysts and economists are now waiting with baited breath to see how Spain will react in the next few days. There are widespread misgivings that Madrid's clampdown on the vote has only served to strengthen pro-independence sentiment in Catalonia.

Rostrum gathered that Willem Buiter, the Global Chief Economist at Citigroup stated that the Spanish government had scored a "huge own goal" in its mishandling of the Catalonia crisis.

"What I've seen on television and read about in the papers looks like a huge own goal by the Spanish central government. Whatever the legality or illegality of this referendum, the sensible thing would have been to say: 'Go ahead and vote if you want, we won't recognize it but we'll view it as an opinion poll.' But instead they now have a first-order crisis on their hands potentially," he opined on Wednesday, 4th October 2017.

As one of the economists who coined the phrase "Grexit" - when Greece was at the height of its economic and political crisis and looked like it could leave the Euro zone - Mr. Buiter knows a thing or two about countries in distress.

Looking at the current conflict between Catalonia and Spain, and the prospect that Madrid could attempt to take direct control of the Catalan government on any unilateral declaration of independence, Mr. Buiter reacted that the outlook was "worrying".

"If Catalonia now declares independence and the central government continues on its current course and imposes direct rule, the consequences could be really severe." He landed.


Compiled by: Rostrum










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