Spanish towns neighbouring with Gibraltar have said they want to improve cooperation and day to day communications with the Rock. Isabel Beneroso president of the Mancomunidad de Municipios (Commonwealth of municipalities) visited Gibraltar’s Chief Minister Peter Caruana, the second PSOE politician to call within the space of a week.
Moody's Investors Service on Thursday slashed Spain's sovereign debt rating by a notch to Aa2 with a negative outlook, saying it was uncertain about the country's ability to improve its finances.
The number of people out of a job Spain, which has the highest unemployment rate in the industrialized world, rose further in February reaching a 15 year high, the Labour ministry said Wednesday.
The Spanish embassy is closely following the difficulties faced by Spanish fishing companies in the port of Montevideo, some of which have decided to stop operating in Uruguay.
UK and Spain's foreign ministers reaffirmed Thursday their commitment to the Tripartite Forum (UK/Spain/Gibralar) for Dialogue following a bilateral meeting in London, reports the Gibraltar Chronicle.
The Spanish media revealed that Spain’s Foreign Minister Trinidad Jimenez will be in London this coming Thursday to meet with her UK counterpart William Hague for a bilateral meeting on various international issues including Gibraltar.
The collapse of the Spanish property prices helped pull annual profit down 8.5% at the Euro zone largest bank Santander. Solid results from Brazil and Britain, which each account for more profit than Spain at the diversified bank, failed to calm fears about exposure to a stagnant domestic economy, struggling to shake off the worst recession in half a century.
United States Secretary of State Hillary Clinton has praised the “important” role Spain plays in Latin America and said the nation is a “great defender” of human rights in the region.
Spanish Telefónica and Chinese operator Unicom agreed on Sunday to expand their alliance, both investing a further U$ 500 million in the other. Under the agreement, China Unicom could get a seat on Telefónica.
Chinese Vice Premier Li Keqiang has said Beijing is willing to buy about Euro 6 billion worth of Spanish public debt, Spanish newspaper El Pais reported on Thursday, citing government sources.