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The Nation That Tried to Invade England in 1588 May Become Its Best Friend [Bloomberg Business News]

Banco Santander, S.A. Sponsored ADR (Spain) (SAN) 
The nation that tried to invade England in 1588 could turn out to be Britain’s best friend on the inside in upcoming Brexit talks. U.K. officials see Spain as a potential chink in the armor of the European Union as it heads into the diplomatic fray that will start after Prime Minister Theresa May formally triggers the Brexit process, according to people familiar with her government’s planning. Accused of adopting divide-and-rule tactics , May’s government has already embarked on a charm offensive with the smallest and newest members of the EU in the east. Now, it has a core member of the euro area in its sights as it tries to pick off the allies it needs to secure a sweeping free-trade agreement once it leaves the bloc, one of the people said. Spain is an ideal candidate as long as the thorny issue of Gibraltar can be resolved. For starters, there are deep trade and tourism ties between the two countries that Prime Minister Mariano Rajoy will want Show less Read more
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