Spain’s Socialist opposition leader Alfredo Perez Rubalcaba has stepped down after his party suffered its worst election result on Sunday's ballot for the European Parliament. Socialists lost nine European parliament seats, while the the ruling conservative People’s Party lost eight.
The leader of Spain’s opposition Socialist Alfredo Perez Rubalcaba called on the government of president Mariano Rajoy “to avoid adventures that could end looking ridiculous” such as the possibility of a ‘hand to hand’ with Argentina on the Malvinas and Gibraltar cases and instead should look at all the money laundering that takes place in the British Overseas Territory.
Former Brazilian president Lula da Silva recommended European Union leaders to stop discussing balancing budgets and recapitalization of banks and find a solution to the current crisis through more economic growth, more trade and more jobs.
Tens of thousands of Spaniards angry over unemployment protested for a sixth day, ahead of Sunday's local elections in which the ruling Socialists are expected to suffer heavy losses.
A new row flared between Spain and Gibraltar after police from the British Overseas territory charged on Tuesday that one of its boats was damaged in a clash with Spanish police vessels that illegally entered its waters.
Spain has gone from being another domino to an insurmountable dam that it protecting the Euro zone due to its tough economic reforms, the government said Friday.
The Socialist Spanish Prime Minister, Jose Luis Rodriguez Zapatero, says he will not seek a third term in the country’s general election next year. Spain is in the midst of a deep recession. At 20% it has the highest unemployment rate in the Euro zone.