Catalonia independence: Spanish bonds fall on backtrack hopes

People raise their hands painted in white during a protest in favor of talks and dialogue in Sant Jaume square in Barcelona Spain Saturday Oct. 7 2017. Thousands are gathering at simultaneous rallies in Madrid and Barcelona in a call for dialogue amid

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At the SNP conference in Glasgow, delegates passed a motion calling on the Spanish government to "respect the overwhelming "si" vote" in last Sunday's referendum, which was disrupted by police violence. Apart from these aspects, which have historically fed into the independence movement, residents of Barcelona say they pay exorbitant taxes to Madrid and don't receive their worth back in services.

"We will show these minoritarian secessionists that Spain is a modern country", Nobel Literature Prize victor Mario Vargas Llosa said in a speech at the end of the rally. It would therefore " be a candidate to become a member of the Union", then negotiations would be undertaken to integrate with the EU after a fire, green -with the unanimity of the 28 member States.

"Anybody that declares it could end up like the one who tried it 83 years ago", the PP's deputy secretary for communication, Pablo Casado, said on Monday, in a reference to Lluis Companys' failed bid for independence and subsequent spell in prison in 1934.

"If there is a unilateral declaration of independence there will be decisions made to restore law and democracy".

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- Urges the Catalan President to return to the dialogue table.

Merkel "affirmed her backing for the unity of Spain, and both sides exchanged views on ways in which internal Spanish dialogue can be boosted within the framework of the constitution", said the chancellor's spokesman Steffen Seibert.

Pre-referendum polls showed a 60 to 40 majority of Catalans in favour of remaining part of Spain.

Catalonia accounts for almost a fifth of Spain's economy, and leads all regions in producing 25% of the country's exports, CNNMoney reports.

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So what happens if Catalonia's government declares independence anyway, possibly as early as Tuesday - or what if it doesn't? He says he could also suspend the region's existing autonomous status. In response to the vote, Spanish riot police shut down polling stations and beat protesters, leaving nearly 900 people injured. A mere "rhetorical" independence declaration would amount to surrender, CUP regional parliamentarian Mireia Boya warned on Twitter.

Despite the outrage, Rajoy and Spanish King Felipe VI defended the police and doubled down on their stance to take whatever measures necessary to keep Catalonia from seceding.

Spain has plunged into a political crisis since Catalan leaders went forward with an independence referendum on October 1 despite the country's constitutional court outlawing the vote.

Separatist politicians say there will be a declaration of independence for the northeastern region of 7.5 million during that session, although some ruling coalition lawmakers say the move could be simply "symbolic".

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