Catalonia to formally declare independence if Spain suspends regional autonomy - Reuters

Eren Sengezer FXStreet

Citing a government source, "Catalonia’s regional president told a meeting of his party he would formally declare independence if Spain starts the process of suspending the region’s autonomy on Thursday," Reuters said in a recent article.

Key quotes (via Reuters):

Madrid has given Thursday as a deadline for the regional government to back down from a symbolic independence declaration made last week, or face direct rule from the capital.
If Prime Minister Mariano Rajoy moves to apply direct rule on Thursday, it will take between three and five days for regional autonomy to be effectively suspended.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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