Monday 3 October 2011

Gibraltar is not immune to Spain's financial crisis, says expert

GIBRALTAR (Agencies) The RSB's head economist, Andrew McLoughlin, was on a visit to the Rock last week. In an interview with GBC he said that Gibraltar "would feel the impact if Spain has to take drastic measures with its economy" as the European crisis advances and fears for the stability of the Euro persist. The Rock will have "adjust to the fact that Spain is going through severe problems," added McLoughlin, although he did recognize that Gibraltar's economy is strong. He went on to say that these are "worrying days all over the world."

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