Reuters sources with this one earlier
- Will proceed with Art155 of the constitution on Saturday after reading Catalan’s Carles Puigdemont letter
- Cabintet will meet on Saturday to proceed with suspending Catalan autonomy
This statement comes after Puigdemont said that he would call a vote for a formal independence declaration if the Spanish government fail to agree to talks.
As you can imagine, Spanish stocks are getting hammered witht he Ibex down around 1%