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Spain takes over fourth largest bank to try and calm markets

Thursday, May 10th 2012 - 05:28 UTC
Full article 9 comments

Spain took over Bankia, the country's fourth biggest lender, on Wednesday, trying to dispel concerns over the government's ability to clean up the financial sector four years after the banks were hit by a property market crash. Read full article

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  • Marcos Alejandro

    Spain NATIONALIZES No. 4 bank :-))))
    Where are all those Brit fools criticizing and trying to lecture Argentina :-)))

    Very soon those same fools will ask Argentina to take the Malvinas back ...on their knees!

    09 May 2012
    “Riots were a 'taste of Britain to come', warns Government adviser”

    http://www.telegraph.co.uk/journalists/rowena-mason/9255627/Riots-were-a-taste-of-Britain-to-come-warns-Government-adviser.html#comment-524734111

    May 10th, 2012 - 05:43 am - Link - Report abuse 0
  • Tabutos

    A bank is far different to National media

    Bank to stabilize economy, British Did the same when RBS nearly collapsed

    Media to ??? produce more government propaganda

    May 10th, 2012 - 06:30 am - Link - Report abuse 0
  • Xect

    Seems poor old Marcos has got his little brain confused (again)....

    The poor lad can't tell the difference between theft (YPF) and a bank asking to be nationalised to save itself.

    You can't blame him for getting confused, when you have the intellectual skills that equal that of a piece of burnt toast you'll understand him getting confused.

    I did find it amusing he then randomly states the UK would do something it hasn't done for over 200 years and then posts a another completely random link to a newspaper.

    On another note, it continues to amaze me the number of Argentine's taking pleasure in Spain's problems. This is a country that has supported Argentina when nobody else would in Europe and is also your mother country and this is the way you repay them?

    May 10th, 2012 - 07:14 am - Link - Report abuse 0
  • DanyBerger

    Hypocrisy, hypocrisy where?

    1-Nationalisation of a private company (Bankia).
    2- Discrimination, because only the “cajas” will be expropriated.
    3- No payment before compulsory expropriation.
    4- They are saying that the part of the “Cajas” has 0 value.

    “Lo que parece evidente es que las cajas perderán casi toda su participación en la entidad” El pais

    I can see Rajoy and Cameron in the same boat next year sailing toward F@klands Isolation, because after the mess they are making plus rioters wanting to kill them none would like to give them a visa.

    @ Xect
    “This is a country that has supported Argentina when nobody else would in Europe and is also your mother country and this is the way you repay them?”

    Was mother country of Britain first when the Romans sent the Spanish soldier to conquer Britain.

    May 10th, 2012 - 08:27 am - Link - Report abuse 0
  • Xect

    Sorry Dany, your question to me is in very poor English and doesn't make any sense.

    As for the rest, well if you can't tell the difference between voluntary nationalisation to save the bank and theft (YPF) then there is little hope which is I guess why you think this is hypocrisy.

    May 10th, 2012 - 08:35 am - Link - Report abuse 0
  • briton

    Britain does not have a mother country,

    But if one insists,
    We would say Neanderthal man,
    From Europe via Africa,
    mmmmm
    lool

    May 10th, 2012 - 10:51 am - Link - Report abuse 0
  • BenC30

    Nationalising a bank to support your country's economy is totally different to stealing an oil company!

    Argentina is laughed at for being backwards. It's 'undemocratic trend' and 'rising corruption' shows that the military dictatorship is still not far enough away in the history books yet. When Argentina enters the developed world then people may start listening to them... at the rate Argentina is going it will never get there.

    May 10th, 2012 - 06:23 pm - Link - Report abuse 0
  • briton

    500 years at the least .

    May 10th, 2012 - 06:35 pm - Link - Report abuse 0
  • DanyBerger

    @Xect
    “Sorry Dany, your question to me is in very poor English and doesn't make any sense.”

    Well your English also sucks and I try my best to understand you, so don’t be lazy.

    The fundamental difference is that YPF expropriation, benefits Argentina because has ended the Spanish scam Enron type circle. While the expropriation from “Cajas” (they do not agree with this) of Bankia will ruin taxpayer and the “Cajas” to save corrupted bankers friends of the PP govt.

    Let’s say a UK banking style scam.

    And if you don’t know what is a “caja” plural “cajas” is something like what was “abbey national” before turned into a bank (building society).

    @briton

    If you insist “Pakistan” is your mother country ha ha ha.

    @BenC30

    “Nationalising a bank to support your country's economy is totally different to stealing an oil company!”
    Of course is different the first ruin taxpayer and left them with a huge debt to be pay by 3 generations.

    And if you are ruined how are you gonna fix your bad teeth to eat tasty kebabs?
    http://www.loupiote.com/photos_m/3703607316-bad-teeth-smile.jpg

    May 12th, 2012 - 09:03 am - Link - Report abuse 0

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