The Rock and the Spanish scissors: veto avoided

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Spain has reached an agreement with the United Kingdom and the European Union on the Gibraltar issue. That was announced by Spanish Prime Minister Pedro Sanchez on Saturday. This eliminates the last hurdle for the European summit on the Brexit Sunday.

‘Spain raises its veto and will vote for the Brexit’, the Prime Minister said in a TV speech. Agreement was reached on the process for the future negotiations on Gibraltar.

The government in Great Britain also confirms that there is an agreement. In it, London says it agrees to negotiate the British enclave with Spain after the Brexit. In this way it must be guaranteed that every decision on the area is made in agreement with Spain.

Madrid had made clear in the run-up to the summit that it wants direct control in all future negotiations that could affect Gibraltar, a British overseas territory in the south of Spain. Spain also claims sovereignty over the famous rock and surroundings.

Sanchez had threatened to cut the Brexito rope if it did not get a veto right in future negotiations on the British enclave of Gibraltar. Spain wants more legal guarantees that it will retain control over the future status of the 6.7 square kilometer British enclave.

Now that the job is over, the European summit on Sunday with British Prime Minister Therese May and the 27 EU heads of government can take place as planned. Tusk has released the official invitation to the summit on Saturday.


By: Oliver I. Kjeldsen

Oliver I. Kjeldsen has a corporate finance and extensive expertise in company audit. He grants us amazing insights on taxation, international affairs and friendly advice on nearly any topic of interest. His email is [email protected]

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