"Basque armed-separatist group ETA declared Monday that it will lay down arms for good." The cease-fire would end 42-years of violence intended to create an independent Basque state.
I expect there's little hope for the ceasefire, as ETA is likely only positioning for political leverage - their political arm has been banned by the Spanish government and their goal of an independent state is presently hopeless. Like terror outfits in Palestine, Northern Ireland and elsewhere, the promise of peace is their only bargaining chip. If they were to lay it on the table honestly, they'd soon be out of the game - so expect them to renege on any promises.
In case anyone was curious as to the likely composition of a future Basque state, the ceasefire statement ended with the chant: "Hail an independent Basque country! Hail a socialist Basque country! Onwards with socialist independence, until the end!"
You didn't expect terrorists to adopt free markets, did you?