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Italy and Spain want rapid end to Panama dispute

Tuesday, January 28, 2014

Italy and Spain are both committed to finding a rapid solution to a dispute which is threatening to halt work on widening the Panama canal, Italian Prime Minister Enrico Letta and his Spanish counterpart Mariano Rajoy said.

"We think it is absolutely fundamental that we manage to solve this controversy, this is a primary interest for Italy and Spain," Letta said.

A consortium of construction companies, led by Spain's Sacyr, has threatened to halt work on expanding the Panama Canal unless a dispute over cost overruns is resolved.

Source: Reuters