Spanish Euro Paella – Catalonia Independence Declaration Signed and Suspended

Catalan President Carles Puigdemont and other regional leaders signed a declaration of independence from Spain.  

With much anticipation following the overwhelming vote for independance from the Catalan region in North Eastern Spain for independance Catalan President Carles Puigdemont and other regional leaders signed a declaration of independence from Spain on Tuesday. The disputed referendum.was followed by violent contfronations by locals and police. The Independance will be set aside for several weeks to allow talks with Spain’s government. However this immediately dismissed by the Spanish central government in Madrid.

Catalonia independence rally

The independance  document calls for Catalonia to be recognised as an “independent and sovereign state“. It is clear Spain at this point will have nothing to do with such a motion with concerns of a domino affect with other regions such as the Basque. The Basque independance movement ETA waged a domestic war with Spain’s powers for decades with mutliple deaths.

The declaration reads: “We call on all states and international organisations to recognise the Catalan republic as an independent and sovereign state.”

In this case the October 1st referendum was declared invalid by Spain’s Constitutional Court. European leaders are concerned that simialr ethnic and regional divisions will want to break away as did the U.K. from Europe with Brexit. 

In a world of fake news and distortion both sides in Sapin give different versions. Catalan officials say the referendum resulted in almost 90% of voters backing independence,  However anti-independence voters largely boycotted the ballot. The reported turnout was 43% with several reports of irregularities.

Mr Puigdemont told the regional parliament that the “people’s will” was to break away from Madrid, with that said he wants to “de-escalate” tensions adding “We are all part of the same community and we need to go forward together. The only way forward is democracy and peace,” he told deputies.

Catalonia was being denied the right to self-determination, and paying too much in taxes to the central government in Madrid he said. In a country racked by massive youth unemployment this is no small issue. 

The response from Madrid has been curt at best. 

Spain’s Deputy Prime Minister Soraya Saenz de Santamaria responded to by saying: “Neither Mr Puigdemont nor anybody else can claim… to impose mediation.”

“The speech the president… gave today is that of a person who does not know where he is, where he’s going, nor who he wants to go there with.”

Spanish Prime Minister Mariano Rajoy has called an extraordinary cabinet meeting for Wednesday morning to address the crisis. Clearly the two sides are a long way apart. Financial markets in Europe are largely taking it in stride, largely due to the short lived response to other risk off events in the past few years. While the Euro finished higher against the dollar today European stock markets all finished down.



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