Spain denies Catalonia’s independence

1. The Madrid government sacked Catalonia’s President and dismissed its parliament on October 27
2. This was done hours after the region declared itself an independent nation
3. The Catalan parliament had voted in the afternoon to make a unilateral declaration of independence
4. It is Spain’s gravest political crisis since the return of democracy four decades ago

New regional election to be held

1. A new regional election will be held in Catalonia on December 21
2. This was declared by Spanish PM in a televised address

International stand on the issue

1. Several European countries, including France and Germany, and the United States also rejected the independence declaration.
2. The crisis has now reached a new and possibly dangerous level as independence supporters have called for a campaign of disobedience. Immediately after news of the vote, Spanish shares and bonds were sold off, reflecting business concern over the turmoil.

Source:TH