Vanguardia-PSOE & Junts Disagree on 1-O But Reach Deal, Presser @ 1400CET

Spanish outlet La Vanguardia report claims to have access to the agreement between acting PM Pedro Sanchez's PSOE and the hardline pro-Catalan independence Junts that will see Sanchez win an investiture vote in exchange for an amnesty for those convicted in relation to the illegal Catalan independence referendum in October 2017 (known as the '1-O' referendum).

• The two sides agree to diametrically opposed views in relation to the 2017 referendum, as "Junts considers legitimate the result and mandate" , but "the PSOE denies all legality and validity to the referendum and the declaration, and maintains its rejection of any unilateral action." However, both parties agree that "important agreements can be sealed without giving up their respective positions."
• Bloomberg reports that party representatives are set to hold a presser at 1400CET (0800ET, 1300GMT) to announce the deal.
• An investiture vote in the Congress of Deputies is seen as likely next week, avoiding the 27 Nov deadline that would have seen parliament dissolved and snap elections called.
• As noted in an earlier bullet, the medium-to-long term outlook for the longevity of a new Sanchez administration is likely to be called into question. The gov't will rely on the backing of seven different parties, some with staunchly different stances regarding spending and regional devolution. The concessions to Catalan separatists have also inflammed the right, with the conservative Popular Party (PP) and nationalist Vox both vehemently opposed to an amnesty deal.