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Uncertain Economic Future of Gibraltar as EU Backs Spain in Brexit Talks

  • European Union has opened negotiation for Brexit discussions by pressing the British government to reach an agreement with Spain about the future of Gibraltar.

    Spain has always staked claim of Gibraltar since it was captured by Anglo-Dutch force during the War of the Spanish Succession in 1704, consequently being ceded to Great Britain in 1713 under the Treaty of Utrecht.

    A senior EU official has said that after Brexit, it will stand by the claims of its existing member – Spain.

    EU’s stance has been emboldened as 96 per cent of Gibraltar’s residents have voted to remain in the European Union.

    The announcement was done by Donald Tusk, the European council president, to the member states after formulation of a 9-page draft document that outlines negotiating guidelines for upcoming Brexit talks.