Catalan leader Carles Puigdemont had until 10 am on Monday 16 October to clarify whether he has declared independence or not. As was widely expected, he answered PM Mariano Rajoy in an ambiguous way, with neither a clear yes nor a no. He has until Thursday at 10 am to avoid the government applying article 155 of the Constitution.
Carax Alphavalue | Mrs May’s talk of energy price controls sent the UK sector into a downward spin. The Catalan mess also pushed sharply down the Spanish utilities’ share prices. The only surprise is that it took three days for markets to react to the Spanish risks.
In Madrid, much of the media and most commentators, -not to mention the big national parties — tend to be bewildered, if not outraged, by the secessionist drive. When in Catalonia (or at least speaking to independentistas), I find that the opposite is true: disenchantment with and disdain for the Spanish state is almost a given and the word “independence” tossed around as if it were a football.