Spain’s Catalonia crisis requires nerves of steel for equity traders

Immediately after he finished speaking inside the Parlament de Catalunya, the reactions of ordinary Catalans we spoke to on the streets outside the park were mixed, in some ways reflecting their leader’s carefully calibrated political triangulation. One dejected man told me in which Puigdemont’s long-awaited speech — after the police violence witnessed across the region on referendum day — had been a bit disappointing.

“Let’s trust in which This particular dialogue in which our president wanted for our country, generating sure in which various other countries might support us, can be something in which will happen,” he said, without much conviction. Another man, draped inside the Catalan flag in which hung via many buildings across the city in which night, insisted This particular was a victory for the independence movement because, he said, “we are going for what we want.”

The response via the Spanish government was unequivocal as well as swift, as well as the following morning the attacks on Puigdemont turned personal. Spain’s Deputy Prime Minister, Soraya Saenz de Santamaria, made a blistering statement in which she said the Catalan leader “doesn’t know where he can be, where he can be going as well as with whom he wants to go.” as well as Puigdemont’s trust in which European leaders might possibly intervene or jump-start mediation may have swiftly faded, with French President Emanuel Macron arguing against any mediation via the European Union.

Spanish Prime Minister Mariano Rajoy — with his reputation as a political survivor with unrivalled levels of strategic patience — subsequently played for further time in a measured statement later last week. He requested clarification via Puigdemont on whether the Catalan leader had indeed declared independence last Tuesday night. as well as by doing so, “put the ball back in Puigdemont’s side of the court,” according to Xavier Domenecq, a senior member of the Podemos party’s Catalan subsidiary, as well as a high-profile critic of Rajoy as well as his center-right Partido well-known inside the Madrid parliament.

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