Catalan uncertainty paralyzing regional investment, Spain's economy minister saysMADRID (Reuters) - Investment projects in the northeastern region of Catalonia  have been paralyzed and the sale of a stake in state-run lender Bankia put on hold because of the current political uncertainty, Spain s economy minister said on Thursday. Catalonia s parliament is set to declare independence on Monday after going ahead with a banned referendum on Oct.1, while heavy-handed tactics employed by Spanish police trying to stop the ballot have been widely criticized.  This is generating uncertainty that is paralyzing all investment projects in Catalonia,  Economy Minister Luis de Guindos told Reuters in an interview.  I m convinced that, right now, not one international or national investor will take part in a new investment project until this is cleared up.   Catalonia is a center of industry and tourism that accounts for one-fifth of Spain s economy. It is a production base for major multi-nationals from Volkswagen to Nestle and home to Europe s fastest-growing sea port. On Thursday, Spain s fifth-largest bank, Sabadell, said it was considering whether to shift its headquarters away from Catalonia in the first major sign that the wealthy region s push for independence from Spain could scare away big business. Caixabank, Spain s third largest lender by market capitalization, is also considering moving its legal base outside Catalonia, a source with knowledge of the situation said. A spokesman for the bank said no decision had been taken on a move. Tensions between Madrid and Barcelona have intensified since the poll, which was overwhelmingly in favor of independence but which nearly 60 percent of Catalan voters boycotted.  Catalan President Carles Puigdemont has said he favors mediation to find a way out of the crisis but that Spain s central government had rejected this. Prime Minister Mariano Rajoy s government has meanwhile called on Catalonia to  return to the path of law  before any negotiations.  They know very well that independence, which isn t going to happen, would have very negative consequences,  de Guindos said.    It won t happen because the Spanish government won t let it happen. It s illegal.   De Guindos said the crisis had not yet had any effect on the wider Spanish economy, which he expects to grow more than 3 percent this year.  For the moment, we ve seen absolutely no economic impact. Preliminary indicators have been positive and show that the Spanish economy will continue to show strong growth,  he said. But worries over the situation were growing.  We re starting to see an enormous concern due to the irresponsibility of the Catalan government, and alarm has been growing in the last days and hours,  de Guindos said.  On the government s plans to sell a further stake in Bankia, de Guindos said Madrid would look at the placement again once the Catalan situation had been resolved. De Guindos said in July that Spain would explore selling a further stake in Bankia some time after the summer, estimating the stake sale would be around 7 percent. Spain s bailout fund had an advisor that was looking at different windows of opportunity, he said.   Right now Catalonia is more important, but as I m convinced the Catalan situation will change course and we will fix it, as soon as circumstances and prices improve, we will look at the possibilities (of a share sale),  he said. worldnews
catalan uncertainty analyzing regional investment spain economy minister saysmadrid reuters investment projects northeastern region catalunya paralyzed sale stake lender bank put hold current political uncertainty spain economy minister said thursday catalunya parliament set declare independence monday going ahead banned referendum tactics employed spanish police trying stop ballot widely criticized this generating uncertainty analyzing investment projects catalunya economy minister luis de guides told reuters interview i convinced right one international national investor take part new investment project cleared catalunya center industry tourism accounts spain economy it production base major volkswagen castle home europe sea port on thursday spain bank sabadell said considering whether shift headquarters away catalunya first major sign wealthy region push independence spain could scare away big business caixabank spain third largest lender market capitalization also considering moving legal base outside catalunya source knowledge situation said a spokesman bank said decision taken move tensions madrid barcelona intensified since poll overwhelmingly favor independence nearly percent catalan voters boycotted catalan president charles puigdemont said favors mediation find way crisis spain central government rejected prime minister marino major government meanwhile called catalunya return path law negotiations they know well independence going happen would negative consequences de guides said it happen spanish government let happen it illegal de guides said crisis yet effect wider spanish economy expects grow percent year for moment seen absolutely economic impact preliminary indicators positive show spanish economy continue show strong growth said but worries situation growing we starting see enormous concern due responsibility catalan government alarm growing last days hours de guides said on government plans sell stake bank de guides said madrid would look placement catalan situation resolved de guides said july spain would explore selling stake bank time summer estimating stake sale would around percent spain bailout fund advisor looking different windows opportunity said right catalunya important i convinced catalan situation change course fix soon circumstances prices improve look possibilities share sale said worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Catalan uncertainty paralyzing regional investment, Spain's economy minister saysMADRID (Reuters) - Investment projects in the northeastern region of Catalonia  have been paralyzed and the sale of a stake in state-run lender Bankia put on hold because of the current political uncertainty, Spain s economy minister said on Thursday. Catalonia s parliament is set to declare independence on Monday after going ahead with a banned referendum on Oct.1, while heavy-handed tactics employed by Spanish police trying to stop the ballot have been widely criticized.  This is generating uncertainty that is paralyzing all investment projects in Catalonia,  Economy Minister Luis de Guindos told Reuters in an interview.  I m convinced that, right now, not one international or national investor will take part in a new investment project until this is cleared up.   Catalonia is a center of industry and tourism that accounts for one-fifth of Spain s economy. It is a production base for major multi-nationals from Volkswagen to Nestle and home to Europe s fastest-growing sea port. On Thursday, Spain s fifth-largest bank, Sabadell, said it was considering whether to shift its headquarters away from Catalonia in the first major sign that the wealthy region s push for independence from Spain could scare away big business. Caixabank, Spain s third largest lender by market capitalization, is also considering moving its legal base outside Catalonia, a source with knowledge of the situation said. A spokesman for the bank said no decision had been taken on a move. Tensions between Madrid and Barcelona have intensified since the poll, which was overwhelmingly in favor of independence but which nearly 60 percent of Catalan voters boycotted.  Catalan President Carles Puigdemont has said he favors mediation to find a way out of the crisis but that Spain s central government had rejected this. Prime Minister Mariano Rajoy s government has meanwhile called on Catalonia to  return to the path of law  before any negotiations.  They know very well that independence, which isn t going to happen, would have very negative consequences,  de Guindos said.    It won t happen because the Spanish government won t let it happen. It s illegal.   De Guindos said the crisis had not yet had any effect on the wider Spanish economy, which he expects to grow more than 3 percent this year.  For the moment, we ve seen absolutely no economic impact. Preliminary indicators have been positive and show that the Spanish economy will continue to show strong growth,  he said. But worries over the situation were growing.  We re starting to see an enormous concern due to the irresponsibility of the Catalan government, and alarm has been growing in the last days and hours,  de Guindos said.  On the government s plans to sell a further stake in Bankia, de Guindos said Madrid would look at the placement again once the Catalan situation had been resolved. De Guindos said in July that Spain would explore selling a further stake in Bankia some time after the summer, estimating the stake sale would be around 7 percent. Spain s bailout fund had an advisor that was looking at different windows of opportunity, he said.   Right now Catalonia is more important, but as I m convinced the Catalan situation will change course and we will fix it, as soon as circumstances and prices improve, we will look at the possibilities (of a share sale),  he said. worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: catalan uncertainty analyzing regional investment spain economy minister saysmadrid reuters investment projects northeastern region catalunya paralyzed sale stake lender bank put hold current political uncertainty spain economy minister said thursday catalunya parliament set declare independence monday going ahead banned referendum tactics employed spanish police trying stop ballot widely criticized this generating uncertainty analyzing investment projects catalunya economy minister luis de guides told reuters interview i convinced right one international national investor take part new investment project cleared catalunya center industry tourism accounts spain economy it production base major volkswagen castle home europe sea port on thursday spain bank sabadell said considering whether shift headquarters away catalunya first major sign wealthy region push independence spain could scare away big business caixabank spain third largest lender market capitalization also considering moving legal base outside catalunya source knowledge situation said a spokesman bank said decision taken move tensions madrid barcelona intensified since poll overwhelmingly favor independence nearly percent catalan voters boycotted catalan president charles puigdemont said favors mediation find way crisis spain central government rejected prime minister marino major government meanwhile called catalunya return path law negotiations they know well independence going happen would negative consequences de guides said it happen spanish government let happen it illegal de guides said crisis yet effect wider spanish economy expects grow percent year for moment seen absolutely economic impact preliminary indicators positive show spanish economy continue show strong growth said but worries situation growing we starting see enormous concern due responsibility catalan government alarm growing last days hours de guides said on government plans sell stake bank de guides said madrid would look placement catalan situation resolved de guides said july spain would explore selling stake bank time summer estimating stake sale would around percent spain bailout fund advisor looking different windows opportunity said right catalunya important i convinced catalan situation change course fix soon circumstances prices improve look possibilities share sale said worldnews