Spain: Companies in Catalonia Begin Weighing the Economic Pros and Cons

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The National Assembly of Catalonia (ANC), a major pro-independence group, has called on its supporters to partake in a "massive demonstration" on Monday, according to Spanish media. He called the central government's policies "disastrous" as the region's leaders pushed on with its bid to break away from Spain.

A member of the Spanish delegation to the OSCE PA stated that the European Union is ideally suited to act as an intermediary in the row between Spain and its autonomous region of Catalonia.

Catalonia's regional government is mulling when to declare the region's independence from Spain in the wake of a disputed referendum that has triggered Spain's most serious national crisis in decades.

European stocks are taking a breather following timid gains overnight on Wall Street and ahead of Friday's all important monthly USA jobs report, although the data from the States is likely to be heavily distorted because of the impact of recent hurricanes. This position that Sunday's vote was "not legal" comes after years of refusing to take a view on the campaign of Catalan separatists other than to insist it is an internal Spanish matter.

Lawyers from the bloc say the regional parliament can not rely on the results of the Sunday referendum for declaring independence.

The Catalan referendum underlined how nationalism threatens not only inter-European federalism but the integrity of the EU's members.

Catalonia is the country's richest region, accounting for a fifth of Spain's economy and home to thousands of domestic and foreign companies employing millions of people. Their communal representatives opted for neutrality, Victor Sorenssen, the leader of Barcelona's Jewish community, told JTA.

For Catalonia, in turn, being independent and most likely outside of the European Union - at least temporarily - means paying tariffs on exports to its main trade partners, including Spain.

Spanish authorities believe Trapero's 17,000-strong force did not do enough to prevent the banned referendum from taking place.

King Felipe VI's speech Tuesday dismayed many Catalans as he described the separatist ambitions as "illegal" and made no mention of those hurt in police violence when they tried to vote in the banned weekend referendum. "So that doesn't mean much". We will use the entire force of the law.

"I think that in Barcelona, Spain lost the moral right to make these claims", Svetlova said.