Gibraltar said it complies with European Union and OECD regulations regarding finance centres and also indicated that it was willing to enter a double taxation treaty with Spain.
Spain's unemployment rate hit a record high in the third quarter, with one in four out of work and more expected to lose their jobs in 2013 as the next phase of government cutbacks kicks in.
Spanish bank Santander has said its quarterly profits fell by more than 90% after taking provisions for bad property loans in its local market. Net income fell to 100m Euros in the third quarter from 1.8bn Euros in the same period last year, it said.
The Spanish leftwing political party Izquierda Unida [IU] has tabled questions in Spain’s parliament asking why Gibraltar continues to be a priority matter for the central government in Madrid.
The Spanish government challenged by growing protests and street demonstrations and a possible national strike next month is considering a ban on photographing, filming or reproducing images of police and state security forces that are on duty, according to officials.
Spanish Prime Minister Mariano Rajoy conservative Popular Party on Sunday retained power in his home region of Galicia despite recession and biting austerity measures, official results showed.
Gibraltar Football Association President Gareth Latin announced that Gibraltar has been invited to participate in UEFA Under 17, Under 19 and Futsal competitions, commencing in September 2013, despite Spain’s “outright objection”.
Britain this week raised the issue of disproportionate Gibraltar border checks and delays “at the highest level” with the Spanish Government. The issue was revealed in Parliament by Europe Minister David Lidington who was responding to a question in an emergency debate instigated by the all party Gibraltar group.
Condemned by recession, almost a million persons have left Spain since January last year according to a report from the country’s National Statistics Institute, INE, which also points out that the trend has intensified in the first nine months of this year.
The Gibraltar Government strongly condemned the lengthy and deliberate delays to cross the frontier into Spain which have been experienced by Gibraltarians and visitors to Gibraltar. Chief Minister Fabian Picardo, currently in London has already been in touch with the UK Government and urged them to take up the matter with Spain at the highest level