Spain is facing a credibility problem because of doubts generated by Bankia about “the size of that hole in the banking system,” said Andrew Bosomworth, a money manager at Pacific Investment.
· But Spain’s political class has been shaken by the rise of a new anti-austerity and anti-elite party, Podemos, which vows to "protect the people from financial power and corruption". Podemos, which means "We Can" in Spanish, stormed past older opposition groups to take fourth place in Spain’s EU elections in May.
A spokeswoman for Roca’s law firm in Barcelona declined to comment when contacted by phone friday king felipe VI pledged to lead a renewal of Spain’s monarchy based on “integrity, honesty and.
· Spain has been trying gradually to sell its 61.4 percent stake after pumping 22.4 billion euros (.7 billion) into a rescue package for Bankia in 2012 at the height of the financial crisis. The state has until 2021 to offload the stake under a self-imposed deadline.
Bankia group, the lender whose. EU authorities looked at Spain’s progress on issues including “the enhancement of the credit registry, the improvement of banks’ transparency, the further.
Spain backtracked on a plan to use government debt instead of cash to bail out Bankia, as Prime Minister Mariano Rajoy struggles to shore up the nation’s lenders without overburdening public finances..
Persistent pressure from activists calling for greater transparency and accountability seemed to be paying off on Monday, when more than 60 former bank executives appeared for trial in Madrid.
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· Bankia SA. The lender has 210 billion euros (0 billion) in assets and could play a key role in the Spanish banking industry at a time when the Bank of Spain is pushing for further consolidation.
Corruption in Spain describes the prevention and occurrence of corruption in Spain.In the early 21st century there are many political corruption legal processes in the post Franco young and independent judiciary, despite its senior judges being appointees of parliamentary committees.. Transparency International rated Spain between 2001 and 2012.
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