Catalan Independence: Deutsche Bank Explains How We Got Here & What Happens Next

Jon Alternative Media, Blogosphere, Government

In the past few days, many questions have arisen regarding the exact institutional mechanisms and next steps surrounding the Catalan events.
In this note, Deutsche Bank’s Marc de-Muizon provides a Q&A addressing these issues.
Why is the referendum illegal?
The Spanish Constitution states that Spain cannot be broken up. The Article 2 in the preliminary part of the Constitution states: ” The Constitution is based on the indissoluble unity of the Spanish Nation, the common and indivisible homeland of all Spaniards”. The Spanish Constitutional Court suspended the law passed by the Catalan parliament at the start of September to organise the referendum.

This post was published at Zero Hedge on Oct 6, 2017.