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Spain’s de Guindos Says Catalonia’s Independence Push Is Doomed

  • Talk of capital outflows show regional government ‘insane’
  • De Guindos rules out mediation, slams ‘illegal’ action
Bloomberg business news

De Guindos Says Catalonia Independence Won't Happen

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Spanish Economy Minister Luis de Guindos ruled out any sort of mediated talks with separatist leaders and said Catalan banks have signaled they may move out of the region if the push for independence continues.

Speaking on Thursday in a Bloomberg Television interview, de Guindos slammed the Catalan administration for its illegal actions and said independence is out of the question. Spain has nothing to discuss with the secessionists until rule of law is restored, he said. The instability may persuade Catalan banks to shift out of the region, he added.