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Gibraltar |
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Gibraltar![]() Locator map for the British dependency of Gibraltar. It is situated on a narrow rocky peninsula at the southern tip of Spain, northeast of the Strait of Gibraltar. ![]() The Rock of Gibraltar is a lump of limestone, geologically very different from the surrounding landscape. It marks the position of the Strait of Gibraltar, the narrow neck that separates Europe from Africa and provides the only link between the Atlantic Ocean and the Mediterranean Sea. Gibraltar's most famous residents are the Barbary apes, the only wild primates in all of Europe. British dependency, situated on a narrow rocky promontory at the southern tip of Spain; the Rock of Gibraltar formed one of the Pillars of Hercules with Mount Acho, near Ceuta, across the Strait of Gibraltar on the north African coast; area 6.5 sq km/2.5 sq mi; population (2003 est) 29,000. Gibraltar is mainly a trading centre for the import and re-export of goods. The climate is mild and pleasant, and tourism is an important industry. Since the colony is a fortress, most of the area is taken up by military installations and the population is kept small. HistoryThe fortress was taken by the Moorish leader Tarik in 711. The Spanish took the peninsula in 1309 and held it until 1333, but did not definitively recover it from the Moors until 1462. Captured from Spain in 1704 by English admiral George Rooke (1650–1709), it was ceded to Britain under the Treaty of Utrecht (1713). A UN-supervised referendum in 1967 confirmed the wish of the people to remain in association with the UK, but Spain continues to claim sovereignty and closed the border from 1969 to 1985. In 1989, the UK government announced it would reduce the military garrison by half. Ground troops were withdrawn in 1991, but navy and airforce units remained.
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Ballesteros is now the European captain, and the competition is being contested in his home country in this lovely Andalucian town along the Mediterranean coast near the Rock of Gilbraltar. Savings and loans like Gilbraltar Savings -- which got away from savings and loans' main business of residential lending and into commercial business -- have fallen. Two such products were launched in the quarter: Gilbraltar Limited, a $400 million collateralized bond obligation managed by Seneca Capital Management, and Phoenix CDO, Limited, a $244 million collateralized debt obligation, managed by the company's multi-sector fixed-income group in Hartford. |
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