Catalan declaration of independence
On 27 October 2017, a resolution based on the "Declaration of the representatives of Catalonia" declaring the independence of Catalonia was voted in the Parliament and was approved with 70 votes in favor, 10 against, and 2 blank votes. Fifty-three MPs from the opposition refused to be present during the voting after the legal services of the Catalan Parliament advised that the voting could not take place, as the law on which it was based had been suspended by the Spanish Constitutional Court. The two pro-independence parties, JxSí and CUP, had 72 seats, and the vote in favour of independence obtained 70.
Reactions to the Catalan independence referendum, 2017
Spokesman for the European People’s Party which is the largest group inside the European Parliament, said: "Someone needs to tell the Catalan people the truth. If you contest the law to abandon Spain you also need to know that you abandon the EU."Moody's Investors Service has warned that the increased tensions over Catalonia's push for independence could hurt the country's overall debt worthiness. The agency said the "ratcheting-up of tensions has negative credit implications" that could be worsened if Catalonia's regional government declares independence after claiming victory in the referendum. It added that the probability of Catalan independence remains low, mainly because it remains unclear that a majority of Catalans actually want independence. It expects the sides to negotiate a deal for greater powers for the region. The agency further noted that Catalonia represents about a fifth of Spain's economy, with a high per capita GDP, so independence could seriously affect Spain's public finances.