Spain sacks Catalan government after independence declaration

This is the best tl;dr I could make, original reduced by 84%. (I'm a bot)

In a stunning show of defiance of Madrid, the Catalan parliament had voted in the afternoon to make a unilateral declaration of independence.

Several European countries, including France and Germany, and the United States also rejected the independence declaration and said they supported Rajoy's efforts to preserve Spain's unity.

Although the referendum endorsed independence, it drew only a 43 percent turnout as Catalans who oppose independence largely boycotted it.

The independence push has caused deep resentment around Spain.

SHORT-LIVED LIBERTY. A big crowd of independence supporters gathered outside the regional parliament in Barcelona, shouting "Liberty" in Catalan and singing traditional songs as the independence vote went through.

Spain's IBEX fell as much 2.1 percent to a four-day low during the day, 10-year government bond yields hit a day high, and the euro dipped against the dollar on Friday after the Catalan independence declaration.

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