Far the e. U. Is unimpressed. And the parties involved in a German Coalition talk say their first meeting has been largely positive but they warn its going to take a long time to nail down and agreement. Hello and welcome im a touchy moderator have your company the crisis in catalonia is escalating with just minutes to the expiring of a deadline set by the Spanish Government the council on a leader said he would declare independence for the region unless talks are held madrid reacted swiftly saying it will push ahead with moves to suspend continuity as autonomy and to restore order in the breakaway region. The cut along president was asked to state clearly and precisely if any authority has declared the independence of the autonomy state of catalonia without a clear and precise answer to this question we the government understand that the petition and its not been answered. Therefore the government will continue with the processing of article one hundred fifty five for the constitution
Currently catalonia is the wealthiest part of the country but for how long all this Political Uncertainty Means Companies on leaving in droves. It started with the banks now hundreds of Medium Sized Companies have either left or are considering leaving the region since the independence referendum they include Financial Institutions like ayesha bunco sab adele Utilities Company gas not and sparkling wine maker fresh anette spains economic minister blames the cattle and Regional Government for the exodus the population is growing uneasy still hes not afraid of a run on the banks and thats not there thats the two large catalonian money institutes are both protected by the safety mechanisms of the European Central bank the spanish guarantee fund and the federal government and thats why we dont think there will be any limits on the money that the customers can withdraw. Quarterly. The firms pulling out site turnover as their main reason for departure with spain their most important market t
But. Starting november ninth on g. W. Bush forty Million People in east africa threatened by starvation one of the causes of the situation. We focus on five specific problem areas. Journalistic project tries to find the answers why africa goes green our topic this week. On mine. Crisis in council only as spain says it will impose direct rule on the region after the Catholic Leader refuses to back down in the regions quest to go it alone the shock waves shaking the economy as companies leave barcelona in droves. Also coming up chinas growth keep pace with expectations giving president xi a leg up in his ambition to consolidate power at the communist Party Congress whats the situation like for foreign firms wanting to get a foothold in the country. And they call him the business friendly president but are Business Owners in france feeling all warm and fuzzy about Emanuel Michael and his labor market reform. This is your Business Update im having a home for thanks for joining me the crisi
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