Spanish stocks and bonds suffered on Friday as Catalonia's regional government declared independence, in a move which is likely to be declared illegal by Madrid.
The independence motion was passed by the 135 assembly members with 70 votes in favour, 10 against and 2 unmarked, the assembly's speaker said. Lawmakers from the People's Party, Ciudadanos and the Socialist Party left before the votes were cast, according to Reuters. Spanish Prime Minister Mariano Rajoy called for "tranquility" from all Spaniards, stating law would be restored in the region. In an address to the Senate, Rajoy said: "Exceptional measures should only be adopted when no other remedy is possible," according to Reuters. "In my opinion there is no alternative. The on...
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