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Print Posted By Shoutlocal.com on 02/02/2017

RAJOY WARNS BREXIT IS A SERIOUS ECONOMIC THREAT

RAJOY WARNS BREXIT IS A SERIOUS ECONOMIC THREAT

Costa Blanca People

Spain’s Prime Minister Mariano Rajoy has warned that Britain’s exit from the EU poses a severe threat to the country’s recovering economy, and made a plea for cohesion in Europe.

His comments came as the British government said it would present draft legislation within days to begin the process of withdrawing from the EU, seven months after Britons voted for exiting the bloc in a referendum.

“Brexit is a serious threat,” Rajoy told a Madrid gathering organised by conservative daily ABC.

“Without wanting to go into other considerations, I will only tell you that one in five tourists who come to Spain are British, and close to 17 million Britons visited Spain last year.”

The Brexit-related fall of the value of the pound in recent months has caused concern that fewer Britons may travel, and has British retirees in Spain worried about their declining purchasing power.

Officially, more than 300,000 Britons reside in Spain, but many do not bother to register, with estimates suggesting figures of more like between 800,000 to a million expats live in the country.

“I will also tell you that the United Kingdom is the first destination for Spanish companies’ investment and our third commercial partner,” Rajoy said.

He added that post-Brexit, serious thought needed to be given to improving the EU so that it was “more cohesive, more effective in its decision-making and with better political ambition.”

As such, he said the results of elections in France and Germany later this year, where far-right, eurosceptic parties are on the rise, would be ‘decisive’.

“Spain... hopes that its two biggest partners will maintain their pro-EU vocation and their determination to push forward a project which despite all its imperfections is the best political initiative the world has seen in centuries - the EU project.”

MIREILLE TODDINGTON

The news on Shout Local is brought to you exclusively by the Costa Blanca People. Each week your favourite weekly read brings you the perfect mix of national articles, informative features, interestng events, local stories and community news – and now you can see what’s hot and what’s happening in the local community here on Shout Local. 

The Costa Blanca People is a leading and innovative media provider with a physical and virtual presence. We support local people by championing their causes; we fight, highlight and lobby on behalf of the people of the Costa Blanca. We raise awareness of everything from personal injustice, new local facilities and con-artist scams to political change and community service improvements. We actively promote the achievements of local people and businesses through award schemes such as The Pride of Spain Awards, The Culinary Awards and The Health & Beauty Awards. We also unite with local residents on charity promo!on and fundraising. You can read the Costa Blanca People online by clicking here.

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