Her Majesty's Government of Gibraltar is pleased to note that the EU Commission has made clear that it does not need to investigate spurious allegations by the Government of Spain relating to financial services in Gibraltar.
A spokesperson said: "The clear statement by the Commission that it will not investigate unsubstantiated allegations from Mr Rajoy in respect of financial services matters is a very welcome and clear statement by the EU Commission. It is as clear as the earlier statement from the Commission President's spokesperson that a "frontier toll", as previously proposed by Mr Margallo, would be illegal. This should be seen also in the light of the Commission's findings in 2012 that the Eastside reclamation project had been carried out lawfully by HM Government of Gibraltar in accordance with the EU Environmental Impact Assessment Directive. The statements of the EU Commission already have served to put an end (at least for a period of time) to many of Spain's spurious allegations.