The small island off the south coast of Spain, a British Overseas Territory since 1713 and known to its 30,000 residents as the Rock, is a major point of contention in Anglo-Spanish relations.
"It's a complete change of outlook that opens up new possibilities on Gibraltar not seen for a very long time. I hope the formula of co-sovereignty - to be clear, the Spanish flag on the Rock - is much closer than before," he said.
A spokesman for Gibraltar's government declined to comment on the Brexit vote and referred to previous statements made on how co-sovereignty had already been rejected by around 99 per cent of Gibraltarians in a previous local referendum.
Spain will push for Gibraltar to stay out of any general negotiations with the European Union following Britain's exit from the bloc and will aim for bilateral talks to seek co-sovereignty and eventually Spanish control of the island, Garcia-Margallo said.
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Sara, I am afraid I have heard that arguement once too often. In todays world, history counts for little, geopolitics and the UN are more important. Morocco can do far more damage to Ceuta and Melilla than Spain can ever do to Gibraltar. And it has and always will have the US on it´s side, not only as a bastion against Islamic jijadism but also because it was the first country in the world to recognize the USA as a sovereign state.
Neither Ceuta, Melilla, the small islands near to them nor the Canary Islands ever belonged to Morocco whereas Gibraltar did once belong to Spain. Just saying! Not that I agree to Gibraltar returning to Spain's sovereignty unless the Gibraltarians so wish, which as of today they do not. Regrettably Brexit and a possible closed border may force them to change their minds eventually.
Firstly, the last time I went to Gibraltar, I drove there. Secondly, this is all talk to keep the natives happy. They know, as well as the British do, that the day after Britain ceded sovereignty over Gibraltar, Morocco would demand the same for Ceuta and Melilla and all the small islands near to these and probably the Canary Islands as well.