Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Gibraltar 'Not economically viable outside EU'

Source: The Telegraph - Wed 31st Dec 2014
Gibraltar 'Not economically viable outside EU'

Today's online edition of The Telegraph has reported how the UK's exit from the EU could potentially undermine Gibraltar's ability to stand up to Spain on political issues.

Fabian Picardo, Gibraltar's Chief Minister that the Rock would be economically unviable without it's connection to the EU.

His comments came following news that 7,000 residents of Gibraltar have signed a petition urging the Queen to make an official visit to the territory for the first time in 60 years.

Picardo said the threat of Britain's exit from the EU was an "existential issue" for Gibraltar in economic terms.

"Of course Gibraltar would always be able to survive but I don't think Gibraltar would be able to thrive economically should we be outside the EU as we are able to thrive today," he told BBC Radio 4's Today programme.

"We can tell businesses from third countries to come to Gibraltar to access the EU and create jobs here much as you might see is the case in the UK, where a Japanese car company might access the EU through a production facility that creates jobs in the EU."

Diplomatic tensions flared 18 months ago when Spain began imposing stringent checks at the border that led to lengthy queues both in and out of Gibraltar.

David Cameron appealed to José Manuel Barroso, then European Commission president, asking for EU "monitors" to be sent to Gibraltar to study the border checks, warning that they violated EU laws on the free movement of people and goods.

Mr Picardo added: "You saw that PM David Cameron was able to call up the president of the commission, Mr Barroso, at the time when we had issues with crossing our frontier into Spain.

"The European Commission has acted to require Spain to change its attitude to the freedom of movement of European citizens coming to and from that border. Imagine if we were not members of the EU- we would then not be able to force Spain's hand in any way."

The EC warned that Britain leaving the EU could have a catastrophic impact on the economy and would mean that the UK would struggle to retain relevance on the world stage.

Recommended Reading :

* On this day in history : Gibraltar border opens

* Gibraltarians indifferent over Spanish naval incursions

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs

When shopping for bodyjewelrytips, never buy anything that has nickel. The best type of material is the steel, titanium, wood, anodized gold or gold. Most nickel products will rust and may infect your ear. If you have pierced the naval or eye, you do not need to worry, as that is the most versatile part of the body. You can wear rings, straight, curved or fancy and captive beads. There are many leading body piercing jewelry that offer some of the biggest collection at very affordable price. In regard to shopping, always go to a wholesale shape as that is the sure place of getting any type of body piercing jewelry. The only thing that you need to be careful about is the material used to make the jewelry. There are instances when body piercing might go wrong and the result is an infection. In order to avoid this, make sure that the person doing the piercing is qualified to do so. After piercing is done Bodys piercing trends, you should keep the area sterilized and clean. Use warm water to wipe dirt. Never use spirits as they will corrode the area resulting to a wound which might cause an infection.