The European Union is forcing the Spanish government not to allocate more public funds to unrecoverable banks with public budgets, while thousands of Spanish people stay hungry because crisis.
SOURCE EL ECONOMISTA
Spanish government does not want to hear about liquidating financial institutions, but has been forced to explicitly include this possibility in the Royal Decree of the reform that last for Brussels requirement for banks unviable.
However, De Guindos has finally acceded to pressure from Brussels, and the text includes the settlement with the sole exclusion of entities whose cerrojazo jeopardize the entire system, to safeguard Bankia.
SOURCE EL ECONOMISTA
Spanish government does not want to hear about liquidating financial institutions, but has been forced to explicitly include this possibility in the Royal Decree of the reform that last for Brussels requirement for banks unviable.
However, De Guindos has finally acceded to pressure from Brussels, and the text includes the settlement with the sole exclusion of entities whose cerrojazo jeopardize the entire system, to safeguard Bankia.
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