Paraguay’s president Federico Franco has arrived in Madrid, a special guest of his peer Mariano Rajoy with whom he will be holding talks at the Moncloa Palace. Rajoy is particularly interested in showing his support for President Franco and Paraguay that have been suspended from Mercosur and Unasur because of the removal by Congress, following political impeachment of Fernando Lugo.
The prime ministers of Spain and Britain will meet in Madrid during the second week of April, according to a weekend report in ABC. The article said the meeting between Mariano Rajoy and David Cameron would centre primarily on the Euro-zone crisis.
Workers of Spanish airline Iberia called off further strikes in a dispute over thousands of job cuts after unions accepted a mediation plan, the company announced in a statement.
Singapore wealth fund Temasak has bought a 5% stake in Spanish oil group Repsol for just over one billion Euros, raising its total stake in the company to 6.3%, Repsol said in a release. The operation involves the entire portfolio of Repsol treasury stock at 16.01 Euros per share for a total of 1.036 billion Euros (1.35bn dollars).
Spain’s Pescanova SA (PVA), Europe’s second- biggest fish processor, plunged 60% after it started the initial phase of seeking creditors’ protection and delayed results pending asset sales and a debt renegotiation.
US multinational financial service corporation Morgan Stanley has declared that Spain has already got over the worst of the economic crisis and augurs that it “will become the next Germany” in the European Union. This however is challenged by the Financial Times, Goldman Sachs, Citibank and the IMF.
Chief Minister Fabian Picardo this week wrote to the Financial Times after the respected financial daily made a glaring error about Gibraltar in an editorial column centred on Argentina.
The Spanish Ministry for Foreign Affairs has contacted the US government to express its unease over the recent visit by the Gibraltar Government to Washington, according to reports published in Spain.
Catalonia regional parliament has approved a declaration proclaiming the Catalan people a “sovereign political and legal entity”. The motion also calls for a referendum to be held to allow Catalans their say on independence.
Gibraltar must remain steadfast in its own position on sovereignty the Chief Minister Fabian Picardo has made clear. In a wide-ranging New Year message broadcast last week on GBC Mr Picardo took up the recent remarks made by Spain’s ruling party (Partido Popular) and urged them to return to tripartite dialogue as the (opposition) PSOE in Andalucia is also urging.