Spain on Thursday inaugurated a cultural institute honoring the Sephardic Jews and said the occasion settled a debt dating back to the Jews' expulsion during the Spanish Inquisition. "Today is a historic day for the Jewish communities, Israel and Spain. With this act we settle a very old debt with Sepharad," said Spain's Foreign Minister Miguel Angel Moratinos. "We're moving on from our own history to confront the present and the future," Moratinos said. The ceremony was attended by ambassadors from around the world and Foreign Minister Tzipi Livni. Livni thanked the Spanish authorities for opening the cultural center, "Casa Sefarad Israel."