Posts Tagged Europe
Spain’s Bankia seeks 19bn-euro bailout from government
Spain’s fourth-largest bank, Bankia, has asked the government for a bailout worth 19bns euros ($24bn; £15bn).
Bankia also restated its results – now saying it made a 2.98bn-euro loss for 2011 rather than the 309m euros in profit it announced in February.
Earlier on Friday, trading in Bankia shares was suspended on the Madrid stock exchange while its management put together a restructuring plan.
Bankia has already been bailed out because of its bad property loans.
Source: BBC News Read more
No more Bailouts!
It’s only prolonging the agony and costing the people.
That side of the Atlantic, the other side of the Atlantic, it doesn’t matter, banks or countries, no more bailouts for the lying cheating bastards.
Let them wallow in their own shit. They made it.