ARTICLE · 30 MARCH 1999

News Release - Gibraltar Refutes Spanish Claims

Government of Gibraltar

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Date of Release: Thursday 25 March 1999

INSURANCE DAY (17.3.99) reports that the Minister for Trade and Industry has "strongly refuted claims focusing on the territory's finance centre in the wake of the Spanish Government's recent crackdown on border controls with Gibraltar".

In a statement, Peter Montegriffo said that Spain's crackdown had been accompanied by highly misleading propaganda emanating from Madrid.

"This has focused particularly on Gibraltar's finance centre with totally inaccurate claims concerning the implementation of EU directives and also alleged money laundering," he said.

"The reality is that recent statements made by the UK Foreign Secretary, the previous Minister for Europe, the European Commission and the US Government refute and discredit these irresponsible claims."

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