Senior forum users will recall a Mr Blanco in the last years of the PSOE was on a grand tour i.e. a big knees up at the expense of the tax payer.
Mr Guindos is to the best of my knowledge an ex Morgan Stanley or Goldman Sack’s. He knows very well how the city works and is not stupid to think that he could convince the city to pay for over valued assets.
I am afraid it now the PP turn to have a knees up at the expense of the tax payer, Spanish Bond holder etc.