The Traderszone Network

Published in TZ Latest News 15 October, 2017 by The TZ Newswire Staff

With Just Hours Until Spain’s Ultimatum Runs Out, Catalonia Proposes Its Own Central Bank

It’s D-Day for Catalan President Carles Puigdemont who has just a few hours left until 10 am on Monday (4am ET) to respond to the Spanish government’s ultimatum delivered last week by the prime minister, demanding to know whether Puigdemont did, indeed, declare independence last week. If Puigdemont says yes, fails to respond, or provides another meandering answer, Rajoy will start the process under Article 155 to seize control of the breakaway administration in the coming weeks.

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