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Old 10-17-2007, 06:13 AM canarymoon is offline     #2 (permalink)
From Wikipedia:

The Autonomous Community of the Canary Islands consists of two provinces, Las Palmas and Santa Cruz de Tenerife, whose capitals (Las Palmas de Gran Canaria and Santa Cruz de Tenerife) are co-capitals of the autonomous community. Each of the seven major islands is ruled by an island council named cabildo insular.

The international boundary of the Canaries is the subject of dispute between Spain and Morocco. Morocco does not agree that the laws regarding territorial limits allow Spain to claim for itself sea-bed boundaries based on the territory of the Canaries, because the Canary Islands are autonomous. In fact, the islands do not enjoy any special degree of autonomy as each one of the Spanish regions is considered an autonomous community. Under the Law of the Sea, the only islands not granted territorial waters or an Exclusive Economic Zone (EEZ) are those that are not fit for human habitation or do not have an economic life of their own, which is clearly not
the case of the Canary Islands.

The economy is based primarily on tourism, which makes up 32% of the GDP. The Canaries receive about 10 million tourists per year