Spain's Minister for Development, Francisco Alvarez Cascos, said yesterday that the airline and tourist sectors should account for their losses incurred by Tuesday's attack either themselves or via their insurance companies. Cascos yesterday attended an EU meeting to discuss the economic damage caused by the attacks. Emerging from the meeting he said “the economic damage is irreparable, but each sector will have to take care of its losses.” However he ruled out that the future of commercial aviation is in any danger. “Over the past decade, the commercial aviation sector doubled in size and the forecast for the next ten years is further growth of up to 80 per cent,” Cascos said. “But in the wake of the attacks, that growth will now be limited to between 50 and 60 per cent,” the Minister added.

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