Catalan Separatist Win Leaves Rajoy Counting Crackdown Cost

  • Rajoy’s PP eclipsed by Ciudadanos as crisis response backfires
  • Ousted president declares victory from exile in Brussels
Bloomberg’s Maria Tadeo reports on the victory of Catalan separatist parties in the regional election.(Source: Bloomberg)
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Spanish Prime Minister Mariano Rajoy is meeting with allies this morning to plot his next move after a drubbing in Thursday’s Catalan election that saw separatists reclaim control of the regional assembly.

Rajoy headed to a 9:30 a.m. cabinet meeting in Madrid and planned to sit down with his People’s Party leadership later in the day, with the resurgent Catalan independence campaign at the top of the agenda. The PP lost eight of its 11 seats in the region’s parliament as ousted President Carles Puigdemont’s party confounded projections to become the biggest group in a three-way separatist bloc. Spanish bonds fell with bankBloomberg Terminal stocks.