Re: Re: Bank aid comes with conditions.

#113633

Anonymous
Participant

Not quite the horse’s mouth, but close.

http://elpais.com/elpais/2012/11/28/inenglish/1354111890_269226.html

I wonder how the bad bank (Sareb) will deal with all those discounted properties? And what about those ordinary Spaniards who have invested in preferential shares in the banks and now stand to lose almost half their investment? Etc etc.

You can’t call the EU money easy money, and thousands of redundancies and bank closures will hurt a country already in trouble on all fronts.

Spaniards have always had a reputation for keeping their money under the mattress, it seems that they knew their bankers better than the rest of us.