The policy of the Spanish government has been to threaten Catalonia and sow seeds of discord in its fragile coalition government. Now it’s reaping the spoils.
This is a sordid tale of how a public bank with a clear mission was corrupted and destroyed by a clique of politicians, business men and women, and union leaders.
Don Emilio Botín, undisputed Capo of Spanish banking, died. He’d transformed a regional bank into Grupo Santander, one of the world’s biggest baddest megabanks. Now the true owners are getting nervous.
The “New China?” Mexico has been there before. It led to the devastating Tequila Crisis and the bailout of foreign banks. But this time, it’s going to be different.
