Spanish PM warns Brexit poses 'serious threat' to economy
Spain's Prime Minister Mariano Rajoy warned on Tuesday that Britain's exit from the EU posed 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, over 300,000 Britons reside in Spain, but many do not bother to register, with estimates suggesting between 800,000 to a million live in the country.