Spain: PM Mariano Rajoy threatens Catalonia's autonomy

Spain: PM Mariano Rajoy threatens Catalonia's autonomy

Spain: PM Mariano Rajoy threatens Catalonia's autonomy

In recent weeks, a stream of Catalonia-based firms and banks have moved their legal bases outside the regionas a crisis over a Catalonian push for independence from Spain deepened.

"Given the negative implications of independence for economic activity in Catalonia due to its likely exclusion from the European Union and euro area, we think the likelihood of independence is very low", a note from JP Morgan analysts read today.

Although he did not say which specific charges Mr Puigdemont might face, according to El Español, Mr Casado warned that in Spain the crimes of sedition carry a maximum prison sentence of 15 years and rebellion against the state 25 years. Experts believe, however, that in the event of independence recognized, the Europeans would have no interest to go to the end of the " doctrine Prodi ".

"If there were a declaration of independence it would be unilateral and it wouldn't be recognised", Nathalie Loiseau said on CNews digital news channel.

Spain's constitutional crisis deepened, with no signs that either side is ready to return to the negotiating table.

Rajoy told Die Welt in its Monday edition that "Spain will not be divided and the national unity will be preserved".

Pre-referendum polls showed a 60 to 40 majority of Catalans in favour of remaining part of Spain.

The region of Catalonia, home to 7.5 million people in the northeast, is crucial to Spain, which is the EU's fifth-biggest economy and a member of North Atlantic Treaty Organisation.

The head of Spain's main opposition party is calling for Catalan leaders to drop an attempt to declare independence and is warning that the Socialists will back the government's response if separatists go ahead with their plan.

Tempers have worsened over the past week after national police cracked down on voters during a banned October 1 Catalan independence referendum.

On Sunday, Barcelona police estimated as many as 350,000 people participated in a rally organised in the Spanish city. He says he could also suspend the region's existing autonomous status.

Sandra White MSP, who was in Catalonia, criticised the inaction from the European Union following the vote.

Asked if she would like to see the Scottish government recognise a declaration of independence from Catalonia, Sandra White MSP, who was in Catalonia as an worldwide observer of the referendum, told BuzzFeed News on Monday: "I'd like to see it, absolutely".

While Spanish premier Mariano Rajoy did not attend but expressed his support in a tweet, a number of heavyweights from the ruling Partido Popular, including the president of the Madrid region, Cristina Cifuentes, took part. "We will see what happens this week but we have to speak out very loudly so they know what we want".

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