Catalan Banks May Move Elsewhere in Spain Thanks to Independence Crisis

Catalan Banks May Move Elsewhere in Spain Thanks to Independence Crisis

Catalan Banks May Move Elsewhere in Spain Thanks to Independence Crisis

Pro-independence parties who control the regional government staged the referendum in defiance of a Constitutional Court ruling that the vote violated Spain's 1978 constitution, which states the country is indivisible. The EuropeanCommission backed Madrid in describing the vote as illegal and said an independent Catalonia would not be part of the union.

Asked about the Spanish police crackdown Sunday on people trying to vote in Catalonia's independence referendum, government spokesman Steffen Seibert said "it's absolutely not my role to evaluation police operations in Spain".

"Is there a solution?"

Shortly after last Sunday's referendum, Justice Minister Rafae Catala said during a television interview: "The article 155 is there".

On Wednesday, Puigdemont had called for global mediation to begin the process; however, he also remarked that the referendum's results should be acknowledged.

Puigdemont denounced the king's move and accused Madrid of failing to respond to proposals for mediation in the crisis.

According to Catalan officials, more than 2.2 million people voted on Sunday and that almost 90 per cent of them backed independence.

In other developments, Spain's Caixabank is said to be considering moving its legal base outside Catalonia, according to a source speaking to the Reuters news agency.

There were also reports that the central government would approve a decree law on Friday to make it easier for companies to change their domicile, without calling a shareholders' meeting.

Josep Bartomeu says if a declaration of independence would take place then the board of directors would have to meet and analyse what to do.

The Spanish government on Wednesday said it "strongly rejects the accusations" Puigdemont directed at the King.

Spain's national police and Guardia Civil forces are a target, especially since they brutally repressed Sunday's banned referendum, with protests in front of hotels where they were staying and hate messages on social networks.

Spain's King Felipe said in a TV statement on Tuesday that Catalan authorities had acted irresponsibly and deliberately broken the law in holding the vote.

Catalan officials released preliminary referendum results showing 90% support in favour of breaking away.

His comments come three days after more than 900 people were injured by the police as the state tried to stop the independence referendum.

Iniesta, who scored the winning goal for Spain in the 2010 World Cup final against the Netherlands, is one of few Barcelona players universally liked in Spain and often receives standing ovations when playing at visiting grounds. "I don't care about Spain, I care about the people of Catalonia".

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