Valuable Opinions, Comments & Gossip
Latest News, Stories
& Hot Topics
Tools & Widgets to
help with finances
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
Spain's Minister for the Economy has explained yesterday's decision by the country's Fund For Orderly Bank Restrcuturing (FROB) to halt the sale of Catalunya Banc.
Luis de Guindos went on to say how it would not make sense to sell the nationalised lender at a loss, given that Catalunya Banc was now a profitable entity.
"There is no question of selling such institutions at a loss," de Guindos told reporters in Brussels today.
Spain has taken about €40 billion of European aid to bail out lenders including Barcelona-based Catalunya Banc, which was nationalized in 2011. FROB said in its statement that it had time to find the best option for dealing with the lender that would minimize the cost to the taxpayer because the sale deadline set by the European Commission is the end of 2016.
