Euro back at $1.18 as Spanish government squeezes the grip on Catalonia
Euro jumped back to $1.1800 region after Spanish government spokesman confirmed application of harder measures against the rebellious region of Catalonia.
Spanish government spokesman Méndez de Vigo said the government is going to enforce the article 155. That means that the Spanish government intends to take control over the rebelious region of Catalonia as early as this Saturday, when the central government is set to meet in Madrid.
Earlier on Thursday catalan Prime Minister Puigdemont, in response to ultimatum from Madrid admitted that independence was not voted in Parliament and remains suspended, however, he warned spanish Prime Minister Rajoy that if he persists in preventing dialogue, the Parliament will declare independence.