Spanish Bank In Trouble

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24 May 2010 12:00 AM by maylin Star rating in Andalucia and Hertfo.... 71 posts Send private message

I have just been reading the following. It appears we might be seeing a UK style bail out

News Story

Bank shares face more woes after Spanish rescue

Monday 24th May 2010



European bank shares look set to start another rollercoaster week after Spanish authorities stepped in to rescue regional lender Cajasur.



The Bank of Spain intervened over the weekend after merger talks with Unicaja broke down.



Cajasur can now draw £477million from the state's Fund for Orderly Bank Restructuring.



It is feared that Cajasur's collapse will revive fears for other Spanish

banks

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_______________________
Mick


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24 May 2010 10:21 PM by guslopez Star rating in Lorca, Murcia.. 744 posts Send private message

Watching it on the news this morning, my neighbour told me that it is backed by the church. God's obviously taken his eye off the ball.



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Todos somos Lorca.




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