Catalonia Are Hurtling Toward A Revolutionary Showdown, Calling For Bank Run

  • Rajoy’s officials finalizing plans to take control of region
  • Separatists consider declaration of independence this month

As the Catalonia conflict enters uncharted territory, both sides are upping the ante.

Officials in Madrid are finalizing plans for taking control of the rebel region. They’ll be rubber-stamped at an extraordinary cabinet meeting on Saturday when Prime Minister Mariano Rajoy returns from a summit in Brussels, where he’s looking to shore up his support among European leaders. The Catalans meanwhile are working out how they might stage a unilateral declaration of independence.

“We should take a decision in the next days,” Jordi Xucla, a Catalan deputy for the PDeCAT party in the Spanish Parliament in Madrid, said in a Bloomberg Television interview Thursday. “The decision could be obviously the declaration of independence maybe in one week or in two weeks.”

Both sides edged closer to the cliff edge Thursday on an historic day of threat and counter-threat, with Rajoy ordering his advisers to prepare the Spanish government’s most wide-ranging constitutional powers for the first time ever.

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As tensions escalate in Spain, Catalan Separatists are potentially about to do some real damage and hit Madrid where it really hurts.

In a tweeted message to their 270,000 followers, Assemblea Nacional urged supporters to pull cash from CaixaBank and Banco Sabadell branches between 8 am and 9am Friday to protest at their decision to shift their legal domiciles out of the region…


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