Spanish PM responding to Puigdemont in a letter. Bloomberg reporting 16 Oct
Article 155 of the Spanish constitution outlines how the central government in Madrid would suspend home rule or regional government in one of Spain's 17 autonomous communities. It has never been used and only contains the following two points.
"1. If an autonomous community [Spanish region] were not to fulfil the duties imposed upon it under the Constitution or other laws, or were to act in a manner that gravely attacked the general interest of Spain, the government, having first notified the First Minister of the autonomous community and, in if no reply were received, with an absolute majority in the Senate, may adopt the measures necessary to oblige that [region] to forcibly comply with said duties or to protect the aforementioned general interest."
"2. To execute the measures foreseen in the previous section, the government may give instructions to all of the authorities in the autonomous communities."
Earlier I posted deputy PM comments saying Puigdemont has until Thursday to say he did not declare independence
The story continues.
Meanwhile EURUSD still kicking around 1.1790 EURGBP 0.8865 EURJPY 131.85
Rajoy- Heading to impose Article 155?
