The Catalan regional parliament has voted to declare independence from Spain, just as the Spanish government appears set to impose direct rule.
The move was was backed 70-10 in a ballot boycotted by opposition MPs.
Spanish Prime Minister Mariano Rajoy earlier told senators direct rule was needed to return “law, democracy and stability” to Catalonia.
The crisis began when Catalans backed independence in an illegal vote earlier this month.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.