Bank of Spain

View of the Bank of Spain headquarters (Madrid) from Plaza de Cibeles (square).

What the Bank of Spain will do next

MADRID | By Ricardo Cantalapiedra | capitalmadridA significant body of proof suggests the disasters in the sector were caused not by the institutions itself, but by their executive members. The Bank of Spain will be charged with supervisory powers.



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There is no plot against the euro

By Luis Arroyo, in Madrid | Here you are, Spain’s updated accrued passive account with Target2 or intra-system operations pending compensation. Its sheer volume and…



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De-dramatising Spanish banking resolution

MADRID | Words containing the Latin suffix “tio” tend to raise passionate sentiments. Just think of “revolution” or even “Constitution”, a rather harmless expression nowadays that…



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Your picture of cajas is not: message to The Daily Telegraph

LONDON | We know what The Daily Telegraph did last weekend. On Saturday 22, its daintly designed Business pages brought a report that fitted in two short columns some risk agency quotations and Spanish politicians’ chit-chat about ongoing disagreements as far as the future of the cajas is concerned. “Spain to merge cajas in attempt to calm fears” the headline read, and rightly so. Yet, apparently, this piece of news had had to be tamed on its way into the paper.