Pro-independence Catalans withdraw cash from banks in protest

2017-10-20 13:41
Joaquim Curbet poses with an envelope with 155 euros inside after withdrawing that amount of money from a Banc Sabadell ATM during a protest. (Lluis Gene/AFP)

Joaquim Curbet poses with an envelope with 155 euros inside after withdrawing that amount of money from a Banc Sabadell ATM during a protest. (Lluis Gene/AFP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Barcelona – Bank customers in Catalonia on Friday were withdrawing symbolic amounts of money from financial institutions that have moved their official headquarters to other locations in Spain amid a political crisis over the region's independence bid.

Pro-independence umbrella group Crida Democracia called on consumers late on Thursday to put pressure on banks that made the decision.

By Friday morning, dozens of people were lining up at a CaixaBank branch in downtown Barcelona, most of them withdrawing €150 or €160 from ATMs.

ALSO READ: Spain ready to revoke Catalan autonomy amid independence bid

The amounts were closest to 155, in reference to the Spanish constitutional article with which the central government plans to revoke some of Catalonia's autonomous powers to prevent regional politicians from pushing ahead with secession.

CaixaBank and Banco Sabadell, the largest Catalan lenders, are among hundreds of financial institutions and businesses that have moved their official registration out of Catalonia.

"These banks are traitors," said Oriol Mauri, a 35-year-old owner of a children's game business in central Barcelona. "They need to see that it's lots of us who are angry."

Unprecedented step

Mauri, who withdrew €150 because the ATM wouldn't allow him to take out €155, said he wasn't worried about businesses fleeing Catalonia.

"I'm not afraid of economic repercussions," Mauri said. "Our power as consumers is perhaps the only way to influence and have our voice heard in Europe."

Ana Coll, a 55-year-old pharmacist who withdrew €160, said peaceful street protests haven't been enough to influence decision-makers in Spain and Europe.

ALSO READ: Protests erupt as Catalan separatist leaders jailed

"We need to step up our actions and do something that really hurts, and that is targeting the money," she said.

The crisis over Catalonia's quest for independence escalated on Thursday, as Spain's central government prepared the unprecedented step of stripping the wealthy region of some of its self-governing powers after its leader refused to abandon secession.

In his latest display of brinkmanship, Catalan President Carles Puigdemont sent a letter to Spanish Prime Minister Mariano Rajoy just minutes before a deadline set by Madrid for him to backtrack on his calls to secede.

Puigdemont didn't give in, however, and threatened to go ahead with a unilateral proclamation of independence if the government refuses to negotiate.

Spain's government responded by calling a special cabinet session for Saturday when it said it would set in motion Article 155 of the Spanish Constitution, which allows for central authorities to take over all or some of the powers of any of the country's 17 autonomous regions.

KEEP UPDATED on the latest news by subscribing to our FREE newsletter.

- FOLLOW News24 on Twitter

Read more on:    spain  |  catalonia

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.