catalan way

Last week, TSB announced Banc Sabadell's interest in purchasing all of the shares of the British bank, which is partially owned by Lloyd's. The board of the 6^th largest bank in the United Kingdom then said they would welcome the Catalan bank's takeover bid, which they set at £3.40 per share (equivalent to €4.80). This meant that Banc Sabadell would buy TSB for £1.7 billion, or €2.4 billion. At that time, the Catalan bank denied any definitive agreement had been reached and simply confirmed that there were some talks in progress. A week later, Banc Sabadell has finally announced and approved the takeover bid, on the same terms released last week. In order to fund the transaction, the Catalan corporation will carry out a €1.6 billion increase in capital. This purchase will significantly strengthen Banc Sabadell's internationalisation, dramatically increasing its presence in the UK and in London's financial circles.

Barcelona's Picasso Museum unveiled on Friday the first exhibition in the world analysing how Pablo Picasso and Salvador Dalí artistically admired and influenced each other, despite their political differences. The Catalan museum has opened the most awaited temporary exhibition of the season, which will run until 28 June. 'Picasso/Dalí. Dalí/Picasso' showcases 78 works of these two giants of 20^th century art, including paintings, drawings, collages, sculptures and carvings. They tell the story of their artistic relationship and how their works evolved by setting many parallels between the two. The exhibition also includes 33 documents such as some letters that Gala and Salvador Dalí sent to Picasso, which had only been on show once, in Paris.

The Catalan Finance Minister, Andreu Mas-Colell, has announced a €4.23 billion deficit for 2014, representing a 2.13% deficit, significantly higher than the 1% target imposed by the Spanish Government. Mas-Colell stressed that spending went as planned, but revenue was far from the expected result, obtaining €1.91 billion less than expected, since the Spanish Government reduced the Catalan Executive's funds by €600 million. In addition, it has not shared with the Autonomous Communities all the money from the revenue increase of 2014 which came due to the economic recovery. "We have not seen a single euro of this additional revenue", complained Mas-Colell, who estimated that €900 million of this money should have gone to Catalonia. In addition, he has always argued that a 1% deficit for 2014 was not realistic and that it was "illegal", after filing a complaint to the Supreme Court.

Vueling and American Airlines signed on Thursday an agreement to foster the interconnection of their flights through Barcelona El Prat Airport and Rome-Fiumicino so as to increase their destination network. The Barcelona-based airline offers 140 destinations from the Catalan capital to Europe, the Middle-East and Africa, and 55 from the Italian airport. American Airlines clients will be able to take a flight to Barcelona and transfer to a Vueling flight using a single ticket and pick up their luggage at their destination airport. In addition, Vueling clients will be able to take a flight to Barcelona and fly onwards to New York, Miami, Philadelphia and Charlotte through American Airlines or its subsidiary US Airways. This strategic agreement links Europe's widest network of short- and medium-distance flights, which is operated by Vueling through Barcelona, with transatlantic routes linking the Old Continent to important hubs in the United States.

The Catalan Government announced it will bring the High-Speed Train to Girona Costa Brava Airport thanks to an investment of €8 million. On the one hand, the tourism and economic sectors in Girona have celebrated the agreement because the construction will connect the airport to the city of Barcelona, to Barcelona El Prat Airport, to Figueres and to Southern France. On the other hand, High-Speed train experts from the University of Girona (UdG) are sceptical about the performance of these trains at Girona Costa Brava Airport because of the low volume of passengers and the profile of low-cost travellers.

The terrorist attack in Tunis' Bardo National Museum that took place on Wednesday killed 23 people, 20 tourists and 3 locals, and injured more than 40. Among the fatalities there was an elderly couple from Barcelona, who were celebrating their 50^th wedding anniversary. Antoni Cirera, aged 75, and Dolors Sánchez, aged 73, were given a cruise trip by their children to celebrate the special occasion. Their family is already on their way to the North African country. Neighbours preferred not to talk to the press out of respect for the family. The Catalan Government and Barcelona City Council have expressed "a fervent repulsion" to the attack and have paid tribute to the victims in Sant Jaume Square on Thursday. In addition, the Spanish PM, Mariano Rajoy, expressed his sorrow "for the Cirera-Sánchez family" and announced that members of the Spanish Police specialised in counter-terrorism have travelled to Tunisia.

The number of Catalans with Spanish nationality living abroad and registered with consulates rose by 9.31% between 1 January 2014 and 1 January 2015, according to data from the Spanish Statistics Institute (INE), which is a legally independent institution run by the Spanish Government. In early 2014, there were 221,444 Catalans living in a foreign country, while a year later this figure had risen to 242,070, thus registering a 20,626 person increase. Regarding Spain as a whole, on the 1 January 2015, there were 2,183,043 citizens living abroad and registered with consulates. This represents a 6.1% growth on the figures from January 2014, when there were 124,995 less Spaniards living abroad. 

This week, the Museum of the History of Barcelona (MUHBA) launched a new exhibition 'Barcelona in late antiquity: Christianity, Visigoths and the city'. 120 new pieces dating back from between the 4^th and 7^th centuries are going to be on display in the museum's Monumental Site of Plaça del Rei, in the heart of the Gothic Quarter. The launch has also been an opportunity to present the re-designed archaeological tour of this specific underground site, with its area which is open to the public growing in size. "The new archaeological discoveries contribute to explain the main transformations that took place in Barcelona, from Roman Barcino to Christianity", the curator Julia Beltran de Heredia said to CNA.

Catalonia has a long history with immigration, welcoming foreigners from all over the world has left it with a cosmopolitan and multicultural nature. In more recent years, immigration has been well-documented by the Catalan Government and official statistics, which show various patterns. The first wave of people arriving in Catalonia, especially in the industrial capital of Barcelona, were domestic immigrants from within Spain, while later many came from South America and Northern Africa. The recent economic crisis caused a lull in these figures, but the number of foreign nationals from Asia and Europe (especially Italy and the UK) has increased over more recent years. Conscious of the need for sustainable co-living, Catalonia taken pains to accommodate its diverse population and the ACN spoke to several people about their experience moving to Barcelona.

The broadcast of a documentary entitled ‘Ciutat Morta’ (Dead City) has caused great controversy in Barcelona. The film narrates the events of the 4^th of February 2006, when the eviction of a building ended with a policeman being left a quadriplegic and a number of detainees. The film, which has been aired by the main channel of the Catalan Public Television Broadcaster (TV3), uncovers political, judicial and law enforcement irregularities, while at the same time presenting accusations of torture allegedly carried out by two members of the Barcelona local police. The case, which was poorly covered by the mainstream media at that time, has caused outrage in Catalonia almost 9 years after the event because of the serious nature of the accusations and the tragic consequences it had for some of the people involved in it.

In the last few months, the two parties which form the centre-right pro-Catalan State federation CiU, and which have been running together every election since 1979, have been openly arguing about Catalonia's self-determination process and the way to build or not build a state independent from Spain. The Liberal party CDC, which is the largest force within the CiU, has turned towards openly supporting independence, although sometimes not in the most enthusiastic way. However, the Christian-Democrat party UDC seems to be divided on this issue, since its leader Josep-Antoni Duran i Lleida is openly campaigning against independence. But other party leaders and many of its members do support independence. The UDC has agreed on setting an official stance on independence through an internal participation process among its members, which has been finally set for 14 June, after the Municipal Elections of 24 May but before the crucial Catalan Parliament elections of 27 September. 

The political parties and the main civil society organisations that support Catalonia's independence from Spain have agreed that the Catalan Parliament will issue a formal declaration to start building a new state and launch a constituent process, which would be put to a citizen vote at a later stage, if they obtain a parliamentary majority in the September elections. They have been holding a series of talks over the past few weeks in order to agree on a road map that sets out the steps to follow in case pro-independence parties obtain an absolute majority in the next Catalan Parliament elections. These elections have been called early and are being presented as a 'de facto' referendum on independence by the parties supporting this option, since they are the only way to hold a legal vote on this issue after years of the Spanish Government's unilateral blocking attitude.

The support for independence is at its lowest ebb of the last two years according to the latest survey from the Catalan Government’s Survey Institute (CEO), published on Friday. 48% of Catalan citizens are against independence from Spain, while 44.1% are in favour of it. The figures confirm the trend observed in the last CEO survey released in December, when the percentage of those opposing independence (45.3%) overtook those in favour (44.5%) for the first time since 2012. During the last months there have been significant quarrels among the pro-independence parties and there was already the general feeling that the movement was losing supports. This also coincides with a greater mobilisation of the 'no' side, which has focused on spreading doubt and uncertainty about the independence project, and the appearance of new parties at Spanish level that are promising to carry out great changes in the democratic and economic systems.

In February, prices in Catalonia increased by 0.2% in monthly terms but decreased by 0.8% in annual terms, according to figures released on Thursday by the Spanish Statistics Institute (INE). The inflation rate in Catalonia has been in negative territory for the last 4 months, despite the improvement in February. The monthly increase in fuel prices has been the main factor behind February's positive figures. In Spain as a whole, prices also increased, by 0.2%, over the last month but showed a 1.1% decline in annual terms. Spain's annual inflation rate has been negative for the last 8 months. Therefore, there is a serious risk of deflation, which could represent a threat by making it more difficult to pay back debt.

TSB, which is the seventh-largest bank in the United Kingdom, confirmed on Wednesday that they have received a preliminary takeover bid of £1.7 billion (equivalent to €2.35 billion) filed by Banc Sabadell. The Catalan bank would have offered £3.40 per share (€4.80) and would be ready to buy the entire British financial entity, 50% of which is still owned by Lloyds. Sources from Sabadell have confirmed takeover talks, but they stressed that they are still preliminary in nature. After the news was released, shares of TSB increased by 26.4% while those of Banc Sabadell dropped by 7.5%, causing the Spanish Stock Exchange Authority (CNMV) to temporarily suspend trading in the Catalan bank. When Banc Sabadell returned on the stock market, its shares continued to decrease, dropping by 10.5%, but they partially recovered and ended the day with a 6.6% loss.