trending Market Intelligence /marketintelligence/en/news-insights/trending/vBmn_I06_x3ioNqZ6rcCRQ2 content esgSubNav
In This List

Report: Spain's ruling party seeks backing to dissolve Catalan government

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A


Report: Spain's ruling party seeks backing to dissolve Catalan government

A leading lawmaker from the People's Party of Spanish Prime Minister Mariano Rajoy said the group is in talks with the main opposition party, the Socialists, to gain support for dissolving the parliament of Catalonia, Reuters reported.

Rajoy is weighing whether to invoke Article 155 of the 1978 Spanish constitution to suspend Catalonia's autonomy and trigger regional elections, the report said.

Rafael Hernando, a parliamentary organizer for the People's Party, said that invoking article 155 should be backed by more than one political party so that it could also earn the support of the majority of Catalans.

Catalan leaders are expected to declare independence from Spain after holding a parliamentary session on Oct. 9 to evaluate the results of the Oct. 1 referendum.

In his latest televised address, Catalan regional leader Carles Puigdemont said he was in favor of mediation to solve the political crisis but that Madrid had not accepted the idea, Reuters also reported.