Politics

Various banks and savings banks are asking the Catalan Government to extend the total bond amount to 3,000 million euros. The Catalan Ministry of Economy will make the decision whether or not to extend the amount on Friday. The Catalan Government's debt bonds were issued for an initial amount of 1,890 million euros and further extended to 2,500 million euros due to their massive purchase by Catalan citizens

Fiona Hyslop, Minister for Foreign Affairs of the Scottish Government asks for the recognition of the right to self-determination for Catalonia and Scotland. In an interview with CNA, she claims for this right “recognised by the United Nations”.

Günther Oettinger, European Commissioner for Energy, told CNA that within the next 40 years, a single market with Northern Africa will exist, he “is sure” about it. In addition, Oettinger stated that the main obstacle for a truly effective European energy single market is the lack of key infrastructures. In this sense, he stressed the need to build electric lines through the Pyrenees and the Alps, linking Central and Southern Europe with Northern Africa.

The Spanish Conservative People’s Party (PP) finally presented an appeal to the Constitutional Court on the Catalan Parliament’s law banning bullfighting in Catalonia, which was approved 3 months ago. The PP is arguing that the law exceeds Catalan competences and enters into the Spanish State’s competences. The PP also says that the law restricts citizen rights and freedoms.

As a result of the Catalan Government’s success in bond sales, they have made the decision to increase the overall bond amount to 2,500 million euros. The bonds can be purchased until the 12th of November by private citizens.

The polls foresee a clear defeat for the Catalan Socialist Party (PSC), led by the current Catalan President José Montilla, in the coming elections. The polls suggest that the PSC would not be able to reform the current and ruling 3-party coalition and may not be able to form a government at all. This past weekend’s news announced that Montilla would not repeat the ruling 3-party coalition. Today he clarified that a transversal coalition with the main opposition party and the most likely winner of the election, the Centre-Right Catalan Nationalist Party (CiU), is also out of question.

Today banks and savings banks started selling the treasury bonds announced by the Catalan Government two weeks ago to get cash. On the first day, about 1,000 million euros have been bought. If this pace continues, the bonds will be sold out by next week. The quantity on sale is 1,890 million, which could be increased to 2,500.

Trains with origins and destinations in Catalonia will be managed by the Catalan Government beginning in 2011. Medium-speed trains (called Avant) are not included. A commission will quantify the cost of the service. The agreement follows what has already been agreed on in the Catalan Statute of Autonomy, approved in 2006.

Candidates from all the parties represented in the current Catalan Parliament participated in the pioneer initiative ‘Twittervista’, an interview made by the citizens via Twitter. From the 6 parties, 3 party leaders and 3 other main party figures all on the ballot for the November elections participated. The avalanche of questions caused some technical problems, which were mostly solved.

The UK rating agency stresses that measures to cut public expenditure will have to be accelerated. The recent decision by the Catalan Government to issue bonds to obtain cash have influenced the agency. Moody’s is sticking to its short-term rating and lowers-down the long-term one. The Government will now have more difficulties in getting funding in international markets.

In response to a parliamentary question by the Member of the European Parliament, Ramon Tremosa, from the Association of Liberals and Democrats of Europe (ALDE) group, the EC wages for this railway network to be built before the end of 2012. This rail track is an essential part of the Mediterranean Rail Corridor, which will link Southern Spain to France via the Mediterranean harbours.

Catalonia must be able to co-manage key infrastructures such as Barcelona’s Airport and receive a special economic agreement like the one the Basque Country and Navarra have. Artur Mas, President of the Centre-Right Catalan Nationalist Party (CiU), explained the main line of his economic programme today. Mas sent a message out to Prime Minister Zapatero (PSOE) and the Conservative People’s Party (PP).

Citizens will be able to buy treasury bonds of the Catalan Government’s debt worth 1,000 euros each at a 4.75% interest rate. In the framework of the electoral campaign, the Opposition denounced that the Catalan Executive has “its drawers empty, without money”. The Catalan Government has denied this and accused the opposition of being irresponsible in order to get votes.

The Catalan Group on the Future of Europe sent their conclusions to the Reflection Group on the Future of Europe before the Reflection Group presented their results to the European Council. Today’s event was a way to foster debate in Catalonia on these issues and a way to show the results from the analysis by the Catalan Group on the Future of Europe. President of the Reflection Group on the Future of Europe 2020-2030 (and former Spanish PM) Felipe González. has summed up the conclusions.

It is the first regulating body at a Spanish level located outside of Madrid. The transfer was agreed on in 2004 between Prime Minister Jose Luis Rodríguez Zapatero and the former Catalan President, Pasqual Maragall. The new seat was unveiled today.