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However, CatalunyaBanc would need a maximum of €10.83 billion in the most stressed scenario. According to the independent audit by Oliver Wyman, with KPGM, Deloitte, PwC and Ernst & Young, the Spanish banking system would need a maximum of €53.75 billion in the worst case scenario. 4 banking groups would concentrate 86% of these additional funds. In total, 7 banking groups would need additional funds, while 7 groups would be strong enough, with their own resources, to resist a hypothetical scenario with a 6.5% recession between 2012 and 2014, 27% unemployment, a 85% drop in land prices and a 55% decrease in housing prices.

The Catalan capital hosts the largest and most modern container terminal of the Mediterranean Sea, a true gate for cargo ships, linking Europe with the Middle East, Northern Africa and Asia. BEST, which stands for Barcelona Europe South Terminal, represents a €515 million investment by Hutchison Port Holdings (HPH). This week it has unveiled the first part of the project: 100 hectares to store containers, 1.5 kilometres of docking space for cargo ships, 98 cranes and a provisional international-width railway connection to compete with northern European harbours. However, the Spanish Government has not started the definitive railway connection yet, despite many promises.

15% of the MPs oppose the decision, all members of Spanish nationalist parties. The Catalan Socialist Party (PSC) abstains, although one of its veteran MPs backs the citizen consultation. This was the last vote of the Catalan Parliament this term, as early elections have been called, on 25th November, which may turn into a plebiscite on the right to self-determination. The Spanish Government has stated it would immediately block such citizen vote by bringing it to the Constitutional Court, since it has to authorise any referendum in Spain. Furthermore, the day before it stated it will “calmly and firmly” oppose Catalonia’s independence process.

FC Barcelona’s director for economic affairs, Jordi Moix, and the director responsible for Barça Regal, Joan Bladé, announced that the Catalan sports club will build a new Palau Blaugrana within the next eight years. The construction of the new arena, which is tied to the referendum on the Camp Nou stadium, is subject to FC Barcelona's debt levels. The location of the new arena has not been announced.

The Suñol Foundation celebrates its fifth anniversary with a new exhibition of 100 works from its collection, 30 of which have never been seen before. The exhibition combines works from Catalan artists such as Joan Miró, Jaume Plensa, Antoni Tàpies and Salvador Dalí, with others by Pablo Picasso, Andy Warhol, Man Ray and Alighiero Boetti, among others.

In the Catalan Parliament’s main annual debate, the parties assessed the current situation and the Catalan President’s speech from yesterday. The parties that openly support Catalonia’s independence backed the Catalan President and leader of the Centre-Right Catalan Nationalist Coalition (CiU) but asked to rush proceedings. Those supporting the right to self-determination but not necessarily independence and those directly opposing independence criticised CiU’s policies for fighting the crisis and its focus on the process to create a state. The President of the Catalan Government, Artur Mas, offered a detailed reply to each intervention. However, he also made an announcement: if he is re-elected President, he will organise a referendum on self-rule, even if the Spanish Government bans it.

Barça will play with Sevilla, Benfica and Real Madrid. At the Sánchez Pizjuán, Barça will play the first of three vital matches in which they could equal or even beat their best ever start to a Spanish League campaign, and also get their second win in the Champions League.

“In exceptional times, exceptional decisions are needed”, stated the Catalan President, Artur Mas. After the 1.5 million strong independence demonstration on September 11th, the Spanish PM’s refusal to negotiate a fiscal agreement for Catalonia, and days of speculation, Mas called for elections. He announced the decision in the Catalan Parliament’s main annual debate, in which he stated that budget cuts will continue, although “austerity cannot be the only value”. He also accused the Spanish Government of being “disloyal” and imposing stricter deficit targets on the Autonomous Communities. Catalan nationalist parties are celebrating the call for elections for giving the people a say, while the rest accuse Mas of putting his party’s interest first by deviating attention away from the dramatic economic situation.

Barça President, Sandro Rosell, will meet with representatives from three institutions and organisations that are currently working with the FC Barcelona Foundation: Interamerican Development Bank (IDB), UNICEF and the Bill & Melinda Gates Foundation. These projects take the Foundation’s work to countries like Brazil, Ghana, China and South Africa.

A miraculous goal from the midfielder with just minutes to go, followed by an own goal, gave Barça the win in a gripping climax to a game against a surprisingly daring Granada. As Barça made it five wins out of five, Valdés made a crucial save just seconds before Barça opened the scoring at the other end.

In the middle of the political storm referring to the relations between Catalonia and Spain, the Spanish Government announced an education reform that recentralises the school curriculum and evaluation system. The Catalan Education Ministry qualified the reform as a “total recentralisation” and a “total attack” against Catalonia’s Statute of Autonomy. In the reform, the Spanish Government would impose 65% of the school curriculum and would run evaluations at the end of school and high school.

2 million foreigners visited Catalonia in August, a 14.7% increase compared to August 2011. In total, in the first 8 months of the year, 10.4 million international visitors came to Catalonia, a 12.1% raise compared to the same period from 2011. Madrid was visited by 381,000 foreigners in August, a 29.7% decrease. In the whole of Spain, the number of international tourists reached 7.9 million in August, a 5% increase. Out of all the tourists who visited Spain in August, 25.4% went to Catalonia.

The Catalan President states that, “if the Constitution is always interpreted from a centralist point of view”, “Catalonia will have to quietly and democratically reflect on its own future” as “no legal framework can be eternally used to annul the majority, democratic, and peaceful will of a people”. The Catalan President, Artur Mas, and the Spanish Prime Minister, Mariano Rajoy, met in Madrid 9 days after the 1.5 million strong demonstration for Catalonia’s independence. Rajoy categorically refused to negotiate a specific fiscal agreement between Catalonia and Spain because he said it does not fit into the Constitution. No one from the Spanish Government addressed the press after the meeting.