Each Real Madrid v Barcelona Clasico is about more than just football, with both superclubs having deep roots within Spanish and Catalan society. But this week’s two Clasicos in four days have even wider resonance than usual, given the current mix of legal and political issues directly and indirectly involving both clubs.
Spain is to hold a special Cabinet meeting at the weekend to activate measures to take control of Catalonia's semi-autonomous powers after the region's leader threatened to explicitly declare independence if no talks were offered.
Output will grow by 2.3% next year instead of the 2.6% previously projected, the economy ministry said, citing the impact of the political standoff in Catalonia, which accounts for a fifth of Spain’s gross domestic product, and the related struggle to approve a budget.
Spanish government bonds jumped, pushing the yield down by the most in two years after acting prime minister Mariano Rajoy defied opinion polls to consolidate his position in the country’s general election after Brexit rocked the world’s financial markets last week.