You’re not wrong there pumpkin
- Confidence in banking system also evaporated
- Spain used to be among the most trusted economies in periphery
- Now Spain is among least trusted, like Greece and Portugal
- Even Spain’s best banks have lost confidence
Oh stop it!!! I’m welling up here….
- New Spanish govt changed tactic in bank restructuring
- Govt decided to manage Bankia bailout directly
- Spain needs political consensus to regain trust
