Spain rules out any mediation with separatist Catalan leaders
Madrid — Spanish economy minister Luis de Guindos has ruled out any sort of mediated talks with separatist leaders and said Catalan banks have signaled they may move out of the region if the push for independence continues. Speaking on Thursday in a Bloomberg Television interview, De Guindos slammed the Catalan administration for its illegal actions and said independence is out of the question. Spain has nothing to discuss with the secessionists until rule of law is restored, he said, adding that the instability may persuade Catalan banks to move out of the region. "They have indicated that if this process goes on, they are totally open to relocating their headquarters to other places in Spain," de Guindos said. "This is a clear indication of how insane the regional government of Catalonia is." Banco Sabadell, Spain’s fifth-biggest bank, has said it will hold a board meeting on Thursday to discuss whether to shift its registered headquarters away from Catalonia due to leaders’ threa...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.