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Catalunya independence bid plunges Spain into crisis
[Image: catalonia-website.jpg]
The Catalan parliament’s declaration of independence from Spain is set to wreak political turmoil in the country and is sure to have far-reaching repercussions for Europe.

In response, Madrid passed measures to take direct control over the region and called for regional elections for December 21, but these measures will be tested as it’s unclear whether politicians and civil servants of the region will accept direct rule being imposed on them.

On Sunday Spain’s prime minister, Mariano Rajoy, sacked Catalan president, Carles Puigdemont, who now faces up to 30 years in jail for his role in the regional parliament’s declaration of independence.

The result was greeted with joy by pro-independence supporters gathered outside the parliament in Barcelona under the slogan “Let’s make the Republic”, hoping to put pressure on the parliament to act.

More details : Catalunya independence bid plunges Spain into crisis
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European Central Bank stimulus will raise euro zone growth by around a third of a percentage point this year but will do little to lift the bloc's long-term growth rates, ECB board member Benoit Coeure said on Wednesday.

"Even today, euro area growth still relies too much on monetary policy support," Coeure said in Berlin. "The contribution of our easing measures to annual euro area GDP growth was half a percentage point in 2017 and will still be around one-third of a percentage point in 2018." 

"Monetary policy can do little to lift the long-term growth rate of our region," he added. This Affect to Euro, danish dollars and other currency in European
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