Spain’s property crisis undermines domestic banks
Thursday, October 16th, 2008The prediction yesterday by José Luis Rodríguez Zapatero, the Spanish prime minister, of mergers among the country’s weaker banks merely brought into the public domain a looming reality accepted months ago in private by Spanish bankers.
“When there’s a time of grave crisis like this, it’s likely that there will be merger situations and restructurings not [...]