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.
German consumers are supposed to save the Eurozone – and the global economy – but economic expectations “completely collapsed” last month and now dropped again.
