It Just Got Real in Spain

The Catalan Assembly has voted to start the secession process in Spain:

Catalonia’s parliament passed a motion declaring the start of the process for breaking away from Spain, a move Prime Minister Mariano Rajoy says is illegal.

The resolution was approved by 72 votes to 63, Carme Forcadell, the president of the regional assembly said Monday after the debate in parliament. Rajoy said he’ll ask the Constitutional Court to block the decision in a televised statement after the vote.

“Today we are solemnly starting a new state, a Catalan state, a republic, a Catalan republic,” Raul Romeva, parliamentary leader of the main separatist group, told lawmakers during the debate. “This was our commitment during the electoral campaign.”

The regional parliament is pushing ahead with its bid for independence even though it is yet to elect a regional leader, after September’s election left the main separatist alliance led by acting president Artur Mas short of a majority. The anti-capitalist party CUP, which backed the separatist motion, opposes Mas’s candidacy because of his support for business and the reports of corruption within his party. The assembly is due to vote on the presidency later Monday.

I'm not sure if this is a real move toward secession, or if it is some sort posturing about the selection for a President, but in either case, this has a real possibility of getting really ugly really fast.

It might not go pear shaped, but I wouldn't buy any real estate in Spain for the next few months.