
Emilio Botin chairman of Santander Bank, the leading financial institution in Spain and among the top largest in the European Union said in Sao Paulo that Brazil is the “number one country in Latin America” and the absolute preference of his institution.

British Government has lost a crucial appeal before the European Court of Justice [ECJ] relating to Gibraltar’s territorial waters. Britain was seeking to overturn an earlier judgement dismissing its legal challenge to the European Commission’s approval of a Spanish EU nature site in British waters.

The European Commission gave on Wednesday the go ahead for Spain to overhaul its stricken nationalized banks and opened the door for nearly 40 billion Euros in Euro zone aid to be disbursed, offering hope for an end to Spain's banking crisis.

Spain's government rejected an offer of talks from armed Basque separatists ETA and demanded the group dissolve itself without conditions, after ETA called for negotiations on prisoners and a weapons handover.

Separatists in Spain's Catalonia won regional elections on Sunday but failed to get a resounding mandate for a referendum on independence, which had threatened to pile political uncertainty on top of Spain's economic woes.

Spain’s decision to pull out of the trilateral process was formally recorded in the consensus decision on Gibraltar adopted by the United Nations General Assembly this year.

UK has dismissed a comment by Spain’s Foreign Minister suggesting that Britain and Spain were poised to reach a bilateral solution to the fishing dispute. Jose Manuel Garcia-Margallo said Spain was open to dialogue and that he and his British counterpart, William Hague, “talk a lot” about many issues, including Gibraltar

Spain and Portugal sought help from their former Latin American colonies to rescue them from economic crisis through a new wave of trade and investment across the Atlantic Ocean.

There was a marked escalation in the dispute over Gibraltar’s territorial waters as Britain and Spain both hardened their diplomatic stance in the wake of recent incursions.

Spanish President Mariano Rajoy stated that he “would have liked” his Argentine counterpart, President Cristina Fernández to have attended the XXIIth Ibero-American summit, starting Friday in Cádiz.