193m euros ($153m, $300m) worth of cocaine has been seized in a raid on a sailboat heading for the Basque region

More than 193m euros ($153m, $300m) worth of cocaine has been seized in a raid on a sailboat heading for the Basque region, Spanish officials say. The Interior Ministry says police arrested two people on the boat. Five others were arrested in the city of Bilbao. More than 1,500kg of cocaine were seized in the operation. The authorities say the two people arrested on the boat were an Italian and a Venezuelan. Spain is the main entry point into Europe for cocaine smuggled from South America. More cocaine is consumed in Spain than in any other European country, according to a report published last year by the European Union's drug agency, the EMCDDA.