Cajas tease the wrong type of investor
In Spain
Do we have to talk about it? Unemployment numbers in Spain
Someone even lost his temper: “If we need a bit of help with some tens of thousands of millions of euros, why not saying so? We must avoid the risk of an intervention. If a special loan could ease our internal difficulties, for instance with the financial system, let’s do it.” Finance minister Elena Salgado simply retorted to BBVA’s chairman Francisco González, whose words you just read, that such a question was…
Your picture of cajas is not: message to The Daily Telegraph
LONDON | We know what The Daily Telegraph did last weekend. On Saturday 22, its daintly designed Business pages brought a report that fitted in two short columns some risk agency quotations and Spanish politicians’ chit-chat about ongoing disagreements as far as the future of the cajas is concerned. “Spain to merge cajas in attempt to calm fears” the headline read, and rightly so. Yet, apparently, this piece of news had had to be tamed on its way into the paper.