Catalan Government Said To Back Off Independence Push, Will Seek Elections; Spanish Stocks Soar, Yields Tumble

Catalan Government Said To Back Off Independence Push, Will Seek Elections; Spanish Stocks Soar, Yields Tumble:

Several Catalan media outlets reported the Catalan First Minister, Carles Puigdemont, has just dissolved or is about to dissolve the Catalan regional parliament and call new regional elections in a bid to avoid the central government applying Article 155 of the Spanish Constitution to suspend home rule in Catalonia.

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