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CatalunyaCaixa (CX) on Thursday confirmed the sale of its portfolio of high risk loans to US investment company Blackstone, consisting mainly of mortgages with a nominal value of €6.392 billion and provisions of €2.205 billion. The transaction involved the transfer of funds to a portfolio of asset-backed securities for an amount equal to its book value, €4.187 billion, with €3.615 billion supplied by Blackstone and Spain's public Fund for Orderly Bank Restructuring (FROB) providing the remaining 572 million. With this divestment, the CX solvency ratio stood at 14.9% and coverage stands at 81.6%. After this sale, the liquid assets of CX will reach €16.848 billion and the company is now ready to face its full privatisation, after it was nationalised in 2012.  In addition, Blackstone had already bought CX's real estate business in June in a €40 million operation.

The Catalan Government, alongside the executives of the Basque Country and Castile and León, is leading the index of Autonomous Communities in terms of transparency, according to a study issued on Thursday by the organisation Transparency International Spain. These three Autonomies scored 100 out of 100 in the study, which was based on 80 indicators. They were followed by La Rioja (96), Galícia (94) and the Balearic Islands (93). The Region of Madrid occupies the last position in the ranking, with 65 points, behind the Region of Múrcia (79), the Canary Islands (80) and Castilla-La Mancha (84). The average across Spain is 88.6 out of 100. The study called upon regional governments to indicate the exact location of various data and information about elected officials, political appointments, organisation and personal wealth.

The Spanish Prime Minister, Mariano Rajoy, stated on Wednesday that he "will not join absurd debates" and will not "participate in the game" to negotiate Catalonia's self-determination vote since "the referendum is illegal and will not take place". Ironically, Rajoy accepted the request of the President of the Catalan Government, Artur Mas, to meet, but he has specifically rejected to talk about the purpose of the interview: the self-determination vote. In addition, the Spanish PM has downplayed the agreement backed by a two-third majority of the Catalan Parliament, which was answering a mandate resulting from the 2012 Catalan elections. On the same day the Spanish Finance Minister, Cristóbal Montoro, rejected "reinventing Spain" to better fit Catalans and therefore ruled out a deep Constitutional Reform. In addition, he also rejected setting up a new fiscal scheme for Catalonia, similar to the one that the Basque Country already has.

The future Law on Consultation Votes, which should enable the organisation of a self-determination vote in Catalonia on the 9^th of November, has been approved by the parliamentary committee in charge of drafting it and sending to the plenary for the final approval in late September or early October. It has passed with the support from all the parties – including the Socialists (PSC) – except the Spanish nationalist People's Party (PP) and Ciutadans (C's), which only hold 20% of the Catalan Parliament's seats. Since the Spanish authorities are not authorising a binding referendum on independence, Catalonia is developing its own legal framework. This law was already foreseen in the Catalan Statute of Autonomy, which is Catalonia's main law and was approved by the Spanish Parliament and the Catalan people through a binding referendum in 2006.

Before meeting with the Spanish Prime Minister, Mariano Rajoy, the President of the Catalan Government and leader of the Centre-Right pro-Catalan State Coalition CiU, Artur Mas, contacted the other parties that agreed to organise a self-determination vote on the 9^th of November in order to explain to them how he envisages the talks that will take place in Madrid. Mas guaranteed them that they would be consulted on any possible change regarding the question wording or the date on which the vote would be held so that a consenus could be reached between them. Yesterday, and on several other occasions, the Catalan President stressed that he is open to negotiate with Rajoy about alternative questions and dates for the self-determination referendum. However, what is non- negotiable for Mas, and the majority of Catalan parties, is that Catalans have to vote very soon on their own political future and on their relationship with Spain.

''The recovery has come and has come to stay,'' according to Salvador Guillermo, Director of the Economy of Catalonia's main association of business-owners, Foment del Treball. Guillermo, who coordinated the report published on Tuesday, said that the analysis of economic data confirms that the positive trends have been occurring a month earlier in Catalonia than in the rest of Spain, "which means that recovery is more entrenched'' in Catalonia. The agents of this recovery are internal demand (consumption and investment) and the fast pace of exports in Catalonia.

The Catalan Minister for the Presidency and Government Spokesperson Francesc Homs, said on Tuesday that the President of the Generalitat, Artur Mas, is willing to accept the meeting formula proposed by the Spanish Prime Minister, Mariano Rajoy. Spain's PM rejected a discrete meeting and insisted it should be public, despite the fact the Catalan President had requested a private interview. Nonetheless, Homs said it would be better, "and overwhelming common sense", to hold the meeting in private, without the media focus on it, because that would allow it to be  "more productive." "But if it cannot be this way, we will do as they want," Homs said at a press conference, and insisted that the interview format will pose “no problems.”

The Prime Minister of Spain, Mariano Rajoy, agrees to meet with the President of the Catalan Government, Artur Mas, who sent an official request last week, before the end of July. However, the Spanish PM wants to hold "a public meeting" and not "a discrete" talk, as the Catalan President suggested. Over the past few weeks, both Rajoy and Mas have been insisting they were willing to talk to each other but neither one of them was taking the formal steps to arrange a meeting. The last official meeting between the two of them was held a year ago, without taking into account the moments the two of them have coincided at the same event and have exchanged protocol words. Furthermore, before meeting with Mas, Rajoy received on Monday representatives from the pro-Spanish unity NGO Societat Civil Catalana, founded a few months ago. In all those years, Rajoy has not officially met with the grass-roots organisations organising the massive independence demonstrations in Catalonia.

Madrid-born Pedro Sánchez won the primaries of the Spanish Socialist Party (PSOE) with 48% of the votes and will be elected the party's new Secretary General, replacing Alfredo Pérez Rubalcaba. Meanwhile, Miquel Iceta received 85% of the votes and will replace Pere Navarro as the new Secretary General of the Catalan Socialist Party (PSC), being the only candidate in these primaries. Both of them share the previous leaderships' views on Catalonia's self-determination process: they oppose independence and November's consultation vote. Both the PSOE and the PSC held elections on Sunday but the primaries' winners will be officially elected by the emergency party congresses to be held over the next two weekends. Sánchez defeated Eduardo Madina (36%) and José Antonio Pérez Tápias (15%), who was the only candidate fully supporting Catalonia's self-determination vote and shaping Spain as a pluri-national state.

The Catalan President, Artur Mas, stated on Thursday that he is happy to meet with Spanish President Mariano Rajoy in Madrid anytime if he calls a meeting. “If you say to someone that you are available to meet him when he wants and he does not come back to you, you get the impression that he does not want to see you”, Mas admitted during a parliamentary session in Barcelona. The Catalan and the Spanish government have been embroiled in the last few days in a discussion on whether or not the Catalans have requested a meeting, and whether or not this is actually going to happen.

The Secretary General of the People’s Party, Maria Dolores de Cospedal, said that it is not “in any way” possible to reform the constitution to ease the demands of Catalonia, which is pushing for a referendum on independence from Spain. She also warned that the role of the new king, Felipe VI, is to protect Spanish unity. “The monarch’s mission is to ensure that national sovereignty is respected and to check that the unity of Spain is not put at risk”, she said during an event in Madrid.

The Spanish Minister of Home Affairs, Jorge Fernández Diaz, on Thursday restated his belief that Catalonia would become more “vulnerable” to terrorist attacks, drug trafficking and organised crime if it were to separate from Spain. He argued that "without the protective umbrella” of Spain’s security forces and collaboration with international intelligence agencies, these threats to Catalan security would increase. "United we are stronger than divided," he reiterated. Some have regarded this warning as over-dramatic, with the Catalan Minister of Home Affairs, Ramon Espadaler, describing it as “apocalyptic.”

Just 36.3% of Catalans have Catalan as their main language, according to a survey presented on Friday by the Catalan Ministry of Culture and the Catalan Institute of Statistics (Idescat). The survey examining language use in the population of 2013 found that 31% of the Catalan population had Catalan as their mother tongue and a slightly higher percentage usually converse in Catalan as their main language: 36.3%. Nonetheless, 55.1% of those surveyed reported having Spanish as their mother tongue, with 50.7% using Spanish as their main language. In 2003, 46% reported having Catalan as their main language, but this fell to 35.6% by 2008. Additionally, the report found that 94.3% of Catalans surveyed in 2013 could understand Catalan.

Catalan parties welcomed the new King in a cold manner, and some were even directly absent from the coronation and participated instead in events in favour of a republican regime. However, after a few days of uncertainty, the President of the Catalan Government and leader of the Centre-Right pro-Catalan State CiU, Artur Mas, attended the ceremony in Madrid. Despite the fact that CiU did not give its explicit support to the King's succession, the CiU representatives were all present at the ceremony, although without showing enthusiasm. In addition, Mas insisted that he continues with his "wait and see" attitude, as the King's speech "did not offer anything new". Meanwhile, representatives from the Left-Wing Catalan Independence Party (ERC) did not attend the ceremonies, neither did representatives from the Catalan Green Socialist Coalition (ICV-EUiA), who participated in a small pro-republic demonstration in Barcelona at the exact same time the new King was swearing the Constitution.

The new King of Spain, Felipe VI, highlighted the unity of the country but also its diversity in his first speech as monarch. In a ceremony before the Spanish Parliament and Senate on Thursday morning, Felipe VI gave a speech portraying the guidelines of his reign, just after swearing loyalty to the Constitution, including the Autonomous Communities, as he stressed. He defined himself as "a Constitutional King", who is "the symbol" of "the unity and permanence of Spain". However, he also highlighted that "unity does not mean uniformity" and he pointed out that the Constitution asks "to respect and protect" the different languages in Spain, which are "a shared heritage" and "bridges for dialogue". Despite praising "diversity", Felipe VI delivered his speech entirely in Spanish, despite a small final greeting in Catalan, Basque and Galician. In addition, he defined Spain as "a great nation" to be "proud of", without mentioning Spain's pluri-national status.