Spain’s Rajoy meets with his cabinet to try to quell separatist tensions
Madrid — Spanish Prime Minister Mariano Rajoy convenes his cabinet on Friday as the financial and political squeeze on the separatist government in Catalonia tightens. After a week of political drama that rocked financial markets, Rajoy will meet with his ministers in Madrid as events 600km to the north-east in the Catalan capital of Barcelona threaten to spiral further out of control. The region’s president, Carles Puigdemont, risks economic damage and European isolation if he pushes ahead with plans to declare Catalan independence based on a referendum that breached Spain’s Constitution. CaixaBank, the symbol of the region’s financial strength, may follow Banc Sabadell in abandoning Catalonia when its board meets Friday. Three other companies with a combined market value of ¤40bn ($47bn) — Gas Natural, Abertis Infraestructuras and Grupo Catalana Occidente — are considering exiting as well, Expansion newspaper reported on Friday. A spokesperson for Abertis denied the report, while ...
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