Spanish bank scandal

Spanish bank scandal

Spain is being rocked, at the moment, by the news that the directors of various Spanish banks have taken huge compensation packages – despite relentlessly driving their own banks to the point of destruction.  To everyone’s amazement, some of these packages have been awarded by the directors, to themselves, just days before the Bank of Spain was forced to bail [...]

News in Spain, Spanish bank scandal, dissolution of Spanish parliament

News in Spain, Spanish bank scandal, dissolution of Spanish parliament

The past week in Spain has seen the dissolution of the Spanish parliament, the second largest seizure of heroin by Spain ever (150 kilos), the nationalisation of three further Spanish banks and continuing tremours on El Hierro, one of the Canary Islands. On the economic side of things, matters show little signs of improving with GDP quarterly growth in Spain [...]