
The Spanish media revealed that Spain’s Foreign Minister Trinidad Jimenez will be in London this coming Thursday to meet with her UK counterpart William Hague for a bilateral meeting on various international issues including Gibraltar.

The collapse of the Spanish property prices helped pull annual profit down 8.5% at the Euro zone largest bank Santander. Solid results from Brazil and Britain, which each account for more profit than Spain at the diversified bank, failed to calm fears about exposure to a stagnant domestic economy, struggling to shake off the worst recession in half a century.

United States Secretary of State Hillary Clinton has praised the “important” role Spain plays in Latin America and said the nation is a “great defender” of human rights in the region.

Spanish Telefónica and Chinese operator Unicom agreed on Sunday to expand their alliance, both investing a further U$ 500 million in the other. Under the agreement, China Unicom could get a seat on Telefónica.

Chinese Vice Premier Li Keqiang has said Beijing is willing to buy about Euro 6 billion worth of Spanish public debt, Spanish newspaper El Pais reported on Thursday, citing government sources.

China has confidence in the Spanish financial market and will continue buying bonds issued by Spain’s government, Beijing’s Deputy prime minister said in an op-ed published in Madrid daily El Pais.

China and Spain signed this week business deals worth 7.5 billion US dollars, a welcome boost for Spain's recession-hit economy. Visiting Vice-Premier Li Keqiang also vowed to help Europe overcome its debt crisis (and support the Euro), as he started his three-nation European tour.

Secret US document newly released by Wikileaks underscores the critical importance of Spain as a strategic logistics hub for the US military. The document details the importance of bases such as Rota, just a short drive from Gibraltar.

Spain will not discuss any issue that affects Gibraltar’ sovereignty within the context of the Trilateral Forum, Spanish Foreign Minister Trinidad Jimenez said in an interview over the Christmas break and some its extracts collected in the Gibraltar Chronicle.

Spain is slowly emerging from recession but needs to cut spending further and introduce labour market reforms, the Organisation for Economic Co-operation and Development (OECD) has said.