France Will Not Support Catalan Independence

Catalonia- French minister calls for stronger EU to stop independence

GETTY CNBCMr Le Maire said the EU had to be stronger to stop independence movements

It is still unclear whether Catalonia is going to declare its independence from Spain.

"If Catalonia has the strength, and the will, and the determination to become an independent country, then we could turn our country into a Mediterranean Denmark". This "legal position" establishes the principle according to which a State born out of secession within the EU would not automatically be considered as part of the Union. "If tension persists, it could affect investments and tourism, slowing GDP growth more than we already forecast", he said in a note to clients. "I think the way they've conducted themselves, the Catalonian people, the work they put in, if independent is declared, yes we should recognise it and support it as well".

Spain's Minister of Public Works, Inigo de la Serna, said in an interview in a local radio station that these moves are just "a first step of what could repeatedly happen" if there is a unilateral declaration of independence.

The most serious threat to Spain's national unity in decades is likely to come to a head in the coming days with attention focused on whether Catalonia will make good on its promise to declare independence - and what form that declaration may take if it comes to pass.

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Turnout was 43 percent as Catalans who reject independence largely boycotted the polls.

Catalonia accounts for almost a fifth of Spain's economy, and leads all regions in producing 25% of the country's exports, CNNMoney reports.

However, Mr Puigdemont's plans were derailed by the Constitutional Court which ruled that a special plenary session to debate the referendum results would be suspended on Monday.

The demonstrations were in response to last Sunday's disputed referendum on Catalan independence.

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But protesters have also marched in favor of independence since the October 1 vote, claiming that the Catalans have a distinct culture from the rest of Spain and that they contribute more to the economy than the other regions. Spanish police, ordered to prevent the referendum, clashed with voters and supporters, and Catalan officials said over 900 people were injured.

A lawmaker with the Catalan CUP party says the far-left separatists won't accept anything on Tuesday that falls short of a declaration of secession, after a referendum marred by violence.

On Friday the Madrid government passed an emergency declaration that allows companies to move their headquarters without a formal vote of shareholders.

"You can't in a democracy simply say to people: it's illegal for you to decide what you want your future to be".

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Marta Gimenez, a recent law school graduate who works for a major Spanish bank, said that the secessionists keep talking about how Catalonia is oppressed.

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