Spanish Property Insight › Forums › Spanish Property Forums › Real Estate Topics, News & Discussion › Spain to ‘deep clean’ it’s financial sector. › Re: Re: Spain to ‘deep clean’ it’s financial sector.
There is a draft memorandum of understanding doing the rounds, with one contentious clause obliging the Government to wipe out small investors who bought ‘preference shares’ in cajas.
Here is the proposed timeline for bank restructuring:
If you are interested, you can read the whole draft MOU (pdf) here.