Catalan Leaders Asks for Independence Suspension to Hold Talks with Spain

Catalan leader Carles Puigdemont has set out his plans for the future of the province.

Puigdemont said in a speech Tuesday the current relationship between Catalonia and Spain is unsustainable. He asked for parliament to suspend the effects of Catalonia voting “yes” for independence to hold talks with Spain.

The leader of Catalan says it is worth exploring international mediation between Catalonia and Spain.

The current crisis in relations between Catalonia and Spain comes after pro-separatist sentiment in the wealthy northeast region came to a head with a symbolic referendum on independence on October 1. Then, around 90 percent of the 2.26 million voters who went to the polls said they wanted independence, although turnout was low at 42 percent.

Since the vote, which was marred by a police crackdown on voters, relations between the Spanish government and separatists have reached a low point with little, if any, communication between the two sides.

Catalan police have been posted outside parliament in Barcelona, sealing off the grounds to the public.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza