Spanish Bonds, Stocks Bounce As Officials Say "Door Open" For Dialogue

Tyler Durden's picture

Mimiccing last week's "stall" pump-n-dump, Spanish stock and bond markets are bid this morning following reports that a senior member of the Catalan regional government called for dialogue with Spain, saying that all of Europe faces economic damage unless a resolution is found.

As Bloomberg reports, after a weekend of mass demonstrations in favor of Spanish unity, Raul Romeva, foreign affairs chief for the separatist government in Barcelona, insisted that the door was open for talks if Prime Minister Mariano Rajoy was willing to engage.

“We need two to tango, we need the other side to be at the table,” Romeva said in an interview in Barcelona on Sunday.

 

“We’re always going to be at the negotiation table, but to start negotiations we need the other party to negotiate with.”

Of course, after Rajoy threatened the 'nuclear option' over the weekend, we suspect talks are the last thing on his Franco-ian mind, but for now markets are impressed with 2Y yields tumbling...

And stocks up (though showing some skepticism)...

 

As a reminder, Puigdemont has vowed to press ahead with his independence drive and is due to address the regional parliament Tuesday, while Rajoy pledged that “national unity will be maintained” by using all instruments available to him. That includes suspending the regional administration and sending in security forces.

“If this man unilaterally declares independence, measures will have to be taken and the government will take measures," Deputy Prime Minister Soraya Saenz de Santamaría told Spanish radio.

 

She said action would be taken even if the government doesn’t win cross-party backing.

 

"We will seek support, but the act will not be left without a response from the government.”

The leaders of the Catalan National Assembly, a civic group that led a series of massive pro-independence demonstrations and works closely with Puigdemont, vowed that today's session will see the president declare independence in a video posted on Twitter Sunday.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Five Star's picture

Spanish debt to gdp jumps from 104% to 135% without Catalonia 

http://thesoundingline.com/separation-leave-catalonia-spain-economically/

shovelhead's picture

At this point , what difference does it make?

Overflow's picture

Leader of secessionist coup just told on TV that, tomorrow, with independence, the New Catalan Republic would set a bank freeze hard control of capital.

 

CORRALITO!!!!

 

LOL!!!

 

Meanwhile, the staged victimistic show of the referendum is totally debunked and everywhere they are finding out who are these clowns.

http://www.bild.de/wa/ll/bild-de/unangemeldet-42925516.bild.html

https://www.theguardian.com/international

https://www.washingtonpost.com/world/europe/we-dont-know-how-good-we-hav...

 

only ZH and the Young Turks keep fooled by the catalan corrupt gang and their zombie sheep.

auricle's picture

Better hope the door that's open for dialogue isn't the same door Catalonia will be exiting through. 

Reptil's picture

Oh dear.. quoting an opinion article in that CIA rag WaPo. 
I wouldn't trust you with a screwdriver. :-D 

grasha87's picture

I have begun reviewing books on Austrian economics. Please subscribe as I have more coming out every week! Here is my first of many:

 

https://www.youtube.com/watch?v=jTDoPlqUYZE

Déjà view's picture

Castilians will never recognize Cataluña...

Hypocritical and corrupt Castilians...1992 you voted to breakup Yugoslav nation...

WHY?

Anasteus's picture

Right, Rajoy will evaluate the situation as Catalans have folded and will increase the pressure. Consequently, Catalans will get furious and we are at the beginning again.

Fireman's picture

The Franco fascist makeover that is modern Spain, province of the evil EUSSR

https://www.youtube.com/watch?v=hXrYBUAcYUo

Overflow's picture

Leader of secessionist coup just told on TV that, tomorrow, with independence, the New Catalan Republic would set a bank freeze hard control of capital.

 

CORRALITO!!!!

 

LOL!!!

 

Meanwhile, the staged victimistic show of the referendum is totally debunked and everywhere they are finding out who are these clowns.

http://www.bild.de/wa/ll/bild-de/unangemeldet-42925516.bild.html

https://www.theguardian.com/international

https://www.washingtonpost.com/world/europe/we-dont-know-how-good-we-hav...

 

only ZH and the Young Turks keep fooled by the catalan corrupt gang and their zombie sheep.

 

 

Treason Season's picture

Panicking mimicking Got it Tyler?

Overflow's picture

Dialogue?

 

FAKE ZH news again.

 

Spanish gov. and Parlament has today declared the only dialogue is with judges, and the catalan government must go back to constitutional order or face the courts.  If the use armed force, then rebellion is punished with minimum of 15 years.

 

Even the mildest party, the socialists, signed that declaration today.

http://www.vozpopuli.com/politica/Pedro-Sanchez-respaldara-respuesta-est...

 

Just the opposite the ZH headline says. FOr your information.

BigWillyStyle887's picture

Yeah now its time to negotiate after they beat the shit out of your people for wanting to vote. Cowards.

NoWayJose's picture

So let me get this right - 90% of Catalans vote for freedom - yet hundreds of thousands of unemployed Spaniards from outside Catalan can be bused in by the EU and we end up with - dialogue.

Here’s a history lesson on dialogue:

Why shouldn't the Americans -- "children planted by our care, nourished by our indulgence," as Charles Townshend of the House of Commons put it -- pay off England's debt?

Colonel Isaac Barre, who had fought in the French and Indian War, responded that the colonies hadn't been planted by the care of the British government, they'd been established by people fleeing it. And the British government hadn't nourished the colonies, they'd flourished despite what the British government did and didn't do.

Don Diego's picture

if so many people were bused in, you would expect the secessionists leaders make a stink about this. Yet they are silent, why? because most people in the crowd were Catalan, they do not want to antagonize further the pro-Spain Catalans by insinuating they were not present. As soon as a secessionist leader says the crowd was not Catalan he will have a pots and pans concert at this private address to remind him they are.

Still waiting for a nice youtube video of the 15 kilometers of bumper to bumper buses (10.000 buses) that transported the 0.5M crowd.

Don Diego's picture

I told you last week to go long on Monday, please see my posts of last Thursday. I don't play the markets that often but this one was a sure deal. Made twenty Krugers out of this, not bad for a few clicks. Thanks Puigdemont! And also ZH of course.

 

Don Diego's picture

Where are the ZHedgers that were so sure last week? LULZ, in the denial phase of course. The anger phase when there is no war will start tomorrow. Sorry no nice youtube videos of Spaniards getting killed or tortured, back to the old Syrian videos.

OhNo's picture

Donni dago, spell your name right, then it might be clear to you, in the mean time there is always MSM

Don Diego's picture

good, if the only argument is ethnic slurs and "racist" or "fascist" name calling means we are winning.

I am really sorry if your color revolution failed LMAO.

 

Oh by the way, guess where is in Spain the headquarters of the Soros Open Society foundation? in the capital Madrid? nah, in BARCELONA.

https://www.opensocietyfoundations.org/about/offices-foundations#europe

Davidduke2000's picture

Their country is coming apart from the seam and investors are celebrating. 

OhNo's picture

Another false flag of the tolterian control, just a million here an there. Wheres sorry sac sorrow's when you need im

silverer's picture

"Officials Say "Door Open" For Dialogue"

Will that be before or after the assassinations?

grasha87's picture

I have begun reviewing books on Austrian economics. Please subscribe as I have more coming out every week! Here is my first of many:

 

https://www.youtube.com/watch?v=jTDoPlqUYZE

Bananamerican's picture

"senior member of the Catalan regional government called for dialogue with Spain, saying that all of Europe faces economic damage unless a resolution is found."

 

then STFU

Reptil's picture

The bottom line is: You can't leave the farm. Or there will be violence.