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Guindos says that the clients of the Catalan banks "have nothing to fear"

The Minister of Economy celebrates the correct and very clear speech of Philip VI

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Guindos says that the clients of the Catalan banks

The Minister of Economy, Luis de Guindos, has assured that Wednesday that customers of banks and Catalan companies have nothing to fear despite situation in Catalonia after illegal referendum held this Sunday. "Catalan banks are Spanish and European banks, y are solid entities and customers have nothing to fear," said Guindos at opening of South Summit organized by Google in Madrid. The minister also celebrated words of King Philip VI last night in an exceptional televised message. "They are correct and very clear," he said.

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The minister's words are produced only a few hours after biotechnology Oryzon announced that it moved its headquarters to Madrid from Barcelona in view of situation in Catalonia. The Catalan banks, moreover, are suffering in exchange this week after celebration of illegal consultation. Today, among worst values of Ibex are Sabadell, which falls more than 3%, and CaixaBank, more than 2%.

The minister has stated that "we are seeing times of many noise and confusion, but evolution of Catalan economy for moment is positive." Thus, he recalled that Social security affiliation in Catalonia was better than Spanish average in September, which "reveals that no one has believed independence threat." In that sense, it has asked citizens "to have no slightest doubt that Government will choose instruments and times so that Catalonia's independence will not be produced." "Times are very important in politics, we must apply correct times and instruments," said Guindos, who added that " important thing is unity of all constitutionalist parties" and said that PSOE "will be re", although yesterday PSOE He flunked vice president, Soraya Sáenz de Santamaría, for Sunday's police excesses.

"We are in a process of economic improvement, which is even more intense in case of Catalonia, and government is going to look after all that and will not let any candle, dream or illegitimacy can affect process of prosperity of Spanish and Catalan society" , he said. According to de Guindos, " first thing is to return to legal framework." "The government has always been with hand," he said, to point out that day of illegal referendum was a "provocation."

Regarding speech of King Felipe VI on secessionist drift, minister indicated that he found it "right and very clear," and wanted to make it clear that he does not believe that monarch's declaration is due to an inefficiency of government to manage situation.

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