Whether or not Catalan president Carles Puigdemont will follow through on his threat to announce a full breakaway -- defying the central government and Spanish courts -- is still a mystery.
But the Spanish government issued a sharp warning to Puigdemont today as it grapples with the nation's worst political crisis in a generation.
"We call on Puigdemont not to do anything irreversible, not to pursue a path of no return and not to make any unilateral independence declaration," government spokesman Inigo Mendez de Vigo told reporters.
At stake is the future of a region of 7.5 million people deeply divided over independence, one of Spain's economic powerhouses whose drive to break away has raised concern for stability in the European Union.
Political leaders in Catalonia, Spain and Europe have urged Puigdemont to stand down and ease the country's biggest upheaval since its transition to democracy in the 1970s.
But the Catalan president says an independence referendum that took place on October 1 despite a court ban ruling it unconstitutional justifies splitting from Madrid.
Spain's Economy Minister Luis de Guindos today denounced the independence call as a "rebellion against the rule of law."
Catalan police were out in full force around the region's parliament in Barcelona ahead of Puidgemont's address.
"The end of the road," said Catalan daily El Periodico on its front page.
Yesterday, Ada Colau, the popular mayor of Barcelona, warned that a unilateral declaration of independence would put "social cohesion" at risk.
Pressure also came from the street itself, with hundreds of thousands of pro-unity demonstrators marching through Barcelona and Madrid at the weekend.
Their slogan, "Basta!", was simple: "Enough".
After the disputed referendum Puigdemont vowed he would declare independence in the coming days, but he has a variety of options to choose from.
Short of declaring an outright split, the Catalan leader could play for time and call for dialogue, or back down outright from his secessionist demands.
But EU nations are watching developments closely amid concern that Catalan independence could put further pressure on the bloc still dealing with the fallout from Britain's shock decision to leave.
After talks in Luxembourg with ministers from the European People's Party, the EU's right-of-centre political grouping, de Guindos said "everyone has supported the position of the Spanish government".
Prime Minister Mariano Rajoy has vowed to use everything in his legal power to prevent Catalan independence and has even refused to rule out imposing direct rule over the region from Madrid -- a move many fear could lead to unrest.
A string of companies have already moved their legal headquarters -- but not their employees -- from Catalonia to other parts of the country.
The head of Spain's chamber of commerce Jose Luis Bonet told Cadena SER radio that a unilateral independence declaration "would be a disaster".
"For Spain it would be extraordinarily negative and even for Europe it would mean enormous instability," Bonet said.
Demands for independence in Catalonia, which has its own language and cultural traditions, date back centuries.
But a 2010 move by Spain's Constitutional Court to water down a statute that gave Catalonia additional powers, combined with an economic crisis in Spain, sparked a surge in support for independence.
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