Spain, through its acting foreign minister Jose Manuel Garcia-Margallo, has expressed a desire for shared sovereignty over Gibraltar following the UK's EU referendum, where Gibraltar voted overwhelmingly to remain in the EU. Gibraltar, a British Overseas Territory, is concerned about the impact of Brexit on its border with Spain, which is crucial for trade, commuters, and tourists. Gibraltar's chief minister, Fabian Picardo, calls for unity and rational thinking in the face of these challenges. The Gibraltar Chamber of Commerce had supported remaining in the EU, citing the importance of an open border with Spain for its workforce and business operations. The article also references historical disputes over Gibraltar's sovereignty and the potential implications of Brexit on the territory's future.

Spain has called for shared sovereignty over Gibraltar following the Brexit vote, where over 95% of Gibraltarians voted to remain in the EU. Spanish Foreign Minister Jose Manuel Garcia-Margallo sees this as an opportunity for co-sovereignty. Gibraltar's Chief Minister Fabian Picardo and other local figures express disappointment and concern over the future, particularly regarding border management and economic stability. The Gibraltar Chamber of Commerce also highlighted the potential negative impact on the territory's financial services industry due to the loss of the open border with Spain.