WORDS FROM THE NEW GOVERNOR OF THE BANK OF SPAIN...

http://www.foxbusiness.com/news/2012/07/17/bank-spain-failed-to-supervise-new-governor-says/

ruth

FROM THE NEW GOVERNOR OF THE BANK OF SPAIN - LUIS MARÍA LINDE:

"Looking at what happened with the information that we have today, we have to recognize that at the Bank of Spain we didn't succeed in what we now call macroprudential supervision," Mr. Linde said.

http://online.wsj.com/article/SB10001424052702303933704577532803051571074.html?mod=googlenews_wsj


Linde said. “The Bank of Spain was considered then to be heterodox, but today we know it should have been even more heterodox in its use of its regulatory and supervisory capacity to reduce the vulnerability of the Spanish financial system,” the governor added

http://elpais.com/elpais/2012/07/17/inenglish/1342545590_776376.html


FROM THE SPANISH PRESIDENT:

Mariano Rajoy - President of the Government insists that Spain "is a solvent and reliable country" that has embarked "upon an unprecedented reformist project"

More links and information at:

http://www.facebook.com/pages/Spanish-Off-Plan-Property-Bank-Guarantee-Abuse-LEY-5768/134524803233863

Kind regards

Keith
 

what ever the words, actions speak louder and the Money Market speaks loudest.

Spain is bust and no one wants to lend it money - as I've said before wait until October when Spain tries to shift a lot of Bonds.

David