Spain’s Foreign Affairs Minister Jose Manuel Garcia-Margallo trusts the next UN General Assembly will debate on the Gibraltar and Malvinas Islands conflicts, “and express support for negotiations”.
Spain’s main corporations are freezing investments in Latinamerica this year with no chances of an increase given the risk of the global financial crisis hitting negatively in the region, particularly Brazil and Mexico.
Rating agency Moody's announced on Tuesday it had downgraded six European nations including Italy, Spain and Portugal, citing growing risks from Europe's debt crisis, and warned it may cut the triple-A ratings of France, Britain and Austria.
Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA were among 15 Spain-based financial firms downgraded by Standard & Poor's after the credit-ratings company reduced the nation's grade last month.
Spain's government will unveil reforms to rigid labour laws on Friday that it hopes will be radical enough to get to grips with sky-high unemployment while not severing links altogether with unions ahead of key regional elections.
The famous human rights crusader, the Spanish judge who won fame with his attempt to extradite former Chilean dictator Augusto Pinochet in the 1990s, is barred from office for eleven years for abusing judicial powers.
Spain has formally asked Britain to reopen talks over the sovereignty of Gibraltar. The petition was made by Spanish Foreign Minister José Manuel Garcia-Margallo shortly after UK Europe Minister David Lidington told an audience in Madrid that Britain would not discuss sovereignty against Gibraltar’s wishes.
Britain warned Argentina against cutting off an air link to the Falklands as part of an economic blockade of the Islands, reports the Evening Standard. Buenos Aires is threatening to stop a weekly flight from Punta Arenas in Chile to Port Stanley by refusing permission for it to use Argentine airspace.
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.