Rocking all over the world

There is no doubt that Gibraltar, otherwise known as the Rock, has undergone many changes since the mid-1990s in order to transform itself into a well-recognised and established finance centre. Historically dependent on the UK Ministry of Defence (MoD), drastic reductions in numbers stationed at the Rock's garrison, which accounted for 60% of the economy in the mid-1980s but dropped to just 5% in 10 years, hit the economy hard. However, with help from EU funding, the economy reacted resiliently with the development of a finance centre and tourist trade, which now accounts for a significa...