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The Financial Express

Catalonia moves to declare independence from Spain on Monday

| Updated: October 24, 2017 08:40:54


Catalonians raise arms and shout during a demonstration two days after the October 1 banned independence referendum. - Reuters photo Catalonians raise arms and shout during a demonstration two days after the October 1 banned independence referendum. - Reuters photo

Catalonia will move on Monday to declare independence from Spain after holding a banned referendum, pushing the European Union nation toward a rupture that threatens the foundations of its young democracy.

Catalan President Carles Puigdemont said he favoured mediation to find a way out of the crisis but that Spain’s central government had rejected this. Prime Minister Mariano Rajoy’s government responded by calling on Catalonia to “return to the path of law” first before any negotiations.

Mireia Boya, a Catalan lawmaker from the pro-independence Popular Unity Candidacy (CUP) party, said a declaration of independence would follow a parliamentary session on Monday to evaluate the results of the Oct. 1 vote to break away.

“We know that there may be disbarments, arrests ... But we are prepared, and in no case will it be stopped,” she said on Twitter.

Puigdemont told the BBC he would ask the region’s parliament to declare independence following the referendum, which Spain’s government and constitutional court say was illegal and in which only a minority of Catalans voted.

In a televised address on Wednesday night, Puigdemont said: “This moment calls for mediation. We have received various offers in the last hours and we will receive more.”

Without specifically mentioning plans for an independence declaration, he added: ”I am sure that in the next few days we will show the best of our country when the institutions of Catalonia will have to apply the results of the referendum.

“Today we are closer than yesterday to our historic wish.”

Prime Minister Mariano Rajoy’s government replied that Puigdemont had wasted an opportunity to put Catalonia back on a legal course. “If Mr. Puigdemont wants to talk or negotiate, or wants to send mediators, he knows perfectly well what he must do first: Return to the path of the law,” it said in a statement.

Participants in the referendum opted overwhelmingly for independence, but turnout was only about 43 per cent as Catalans who favour remaining part of Spain mainly boycotted the ballot.

Spain was only restored to democracy following the death in 1975 of military dictator Francisco Franco, under whom the Catalan language and traditions were suppressed.

FINANCIAL MARKETS HIT

The constitutional crisis in Spain, the euro zone’s fourth-biggest economy, has shaken the common currency and hit Spanish stocks and bonds. Madrid’s borrowing costs have risen sharply and reached their highest since March on Wednesday.

The cost of insuring against potential losses on Spanish bank debt and Spanish, Italian and Portuguese sovereign debt has also jumped, suggesting an impact on the wider euro zone.

Bank stocks were hit especially hard as the Ibex stock index fell below 10,000 points on Wednesday for the first time since March 2015. In a sign of the nervous public mood, Catalonia's biggest bank, Caixabank and Spain's economy minister had earlier sought to assure bank customers that their deposits were safe.

Puigdemont criticized Spain’s King Felipe VI who on Tuesday lambasted the “irresponsible behavior” of the Catalan leaders.

He said the king had disappointed many people in Catalonia by failing to call for dialogue and he accused King Felipe of endorsing the policies of Rajoy, which he said had been “catastrophic” for Catalonia.

The EU executive called again on Wednesday for the Spanish government and Catalan authorities to open a dialogue. “It’s time to talk,” the European Commission’s deputy head, Frans Timmermans, told the European Parliament.

Various attempts to find a mediated solution to the crisis emerged on Wednesday.Pablo Iglesias, leader of the left-wing Podemos party, proposed the Spanish and Catalan government try to agree on a mediator while the FC Barcelona football club said it had joined other groups in Catalonia seeking a negotiated solution.

Spanish media reports said the Catalan regional government had been in touch with senior church figures to sound out the possibility of them playing a mediating role.

But the Spanish government rejected mediation.

Rajoy told Iglesias that Puigdemont had to give up the idea of unilaterally declaring independence, a government source said. “That is not negotiable. You can’t deal with people who plan to blackmail the state so brutally,” the source added.

Rajoy, a conservative who has taken a hard line on Catalan independence, is considering the unprecedented step of dissolving the Catalan parliament and triggering regional elections, ruling party lawmakers say.

But he is struggling to secure support from across the traditional political divide - a lack of consensus that could compound Spain’s worst political crisis for decades.

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