Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Catalonia moves closer to early election as dialogue hopes fade

Published 26/11/2014, 18:38
© Reuters. Catalonia's President Artur Mas attends a conference in Barcelona, assessing the situation after a symbolic vote on the region's independence from Spain

MADRID (Reuters) - Catalonia's two main parties on Wednesday moved a step closer to calling a snap regional election they want to use as a proxy for a referendum on independence from Spain.

The region, which accounts for one fifth of Spain's economic output, went ahead with a symbolic independence referendum on Nov. 9 despite Prime Minister Mariano Rajoy blocking such a move in the courts and calling it illegal.

After the vote, Catalan leader Artur Mas, who has been sued for defying a court injunction not to hold it, said he was considering calling an early election if regional parties could unite behind a single banner in favour of independence.

Late on Tuesday, he outlined a plan to create a Catalan state within 18 months with the first step being to build a common electoral platform, uniting politicians.

Oriol Junqueras, leader of Catalonia's second-biggest party Esquerra Republicana de Catalunya (ERC), had initially opposed the offer but on Wednesday said Mas' plan was "a good starting point" that he was ready to discuss.

"We need to seek formulas that add up between all the political forces that want to move towards independence," he said.

While a formal agreement between Mas' centre-right Convergencia I Unio (CiU) and the leftist ERC could be weeks away, the suggestion that they could run together in an early election is a direct challenge to Rajoy and bodes ill for dialogue between the Catalan authorities and Spain's central government.

Rajoy, who had offered to hold talks with Catalonia on financial and tax issues and opened the door to a constitutional reform to resolve its political problems with Madrid, dismissed the idea of a snap election centred on independence as "a step to nowhere".

About 80 percent of the around 2.2 million who voted on Nov. 9 backed secession, but the turnout was little more than 40 percent, giving an inconclusive outcome dismissed by markets.

© Reuters. Catalonia's President Artur Mas attends a conference in Barcelona, assessing the situation after a symbolic vote on the region's independence from Spain

According to an opinion poll published earlier this week in El Mundo newspaper, if a regional election was held today, CiU would win with 23.8 percent of the vote, ahead of ERC with 22.1 percent.

(Reporting by Julien Toyer; Editing by Janet Lawrence)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.