Britain would only enter into sovereignty negotiations with Spain if Gibraltar was happy for it to do so, Europe Minister David Lidington told the House of Commons this week
Spanish carrier Spanair filed for voluntary bankruptcy Monday, officials said, three days after abruptly stopping all flights and stranding tens of thousands of passengers.
Spain’s unemployment total has passed the five million mark, with the jobless rate shooting up from 21.5% to 22.8%, which represents something like one out of four workers don’t have a job.
Spanish Foreign Minister Jose Garcia Margallo has sent a letter to his UK counterpart William Hague responding to Prime Minister David Cameron’s remarks on self-determination.
The credit ratings of Italy, Spain and three other Euro-area countries were cut by Fitch Ratings, which said the five nations lack financing flexibility in the face of the regional debt crisis.
Foreign Office Ministers have not discussed Gibraltar with the new Spanish Government, a Foreign Office spokesman said on Wednesday.
“This joke is over” Jose Garcia-Margallo, Spanish Foreign Minister told his British counterpart William Hague this week regarding the Gibraltar sovereignty dispute.
Spain’s economy contracted in the fourth quarter and will shrink 1.5% this year, the Bank of Spain estimated, undermining government efforts to cut the budget deficit amid the second recession in two years.
Spanish Foreign Affairs minister Jose Garcia-Margallo is seeking to revisit talks on co-operation with the disputed Gibraltar UK Overseas Territory on a new variation of the formulas for talks: a quadripartite forum.
Spain's Conservative government ruled out a bad bank to deal with toxic property assets, wary of adding more debt to a nation fighting to control its deficit and putting the onus on lenders to make their own provisions.