The Government has managed to get the ECB to only 'supervise' the four ba...

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For now, Santander, BBVA, Caixabank, Popular... are saved. Not all European banks will be 'supervised' by the new supervisor assigned to the ECB. In the case of Spain, the community authorities are only expected to 'monitor' the four entities intervened by the State. For now, Santander, BBVA, Caixabank or Popular will be freed from this strict control by Frankfurt. As El Confidencial Digital has learned from government sources, European banking supervision will only have consequences on some Spanish entities, that is, those that have received public aid or require the million-dollar injection committed to Brussels. This is the case of Bankia, Novagalicia, Catalunya Caixa and Banco de Valencia . This means that, for the moment, the total of the more than 6,000 banks in the eurozone will not be included under the new supervisory body until early .

Therefore, the large Spanish financial groups (Santander, BBVA, Caixabank or Popular) will be left out of this 'oversight' by the ECB. The European Central Bank will be in charge of imposing  Middle East Mobile Number List  sanctions on these entities, but will still leave supervisory powers in the hands of the Bank of Spain . According to the sources consulted, Spain wants the plan to be carried out as quickly as possible because, in this way, the country, mired in a deep crisis in the financial sector, will ensure that the recapitalization of the bloc's banks with problems is carried out . directly without it becoming public debt for the State.



Strawberries: A trip through the best producing regions of Spain TAGS:You have to ask for the ransom According to the sources consulted by ECD, one of the recommendations that top officials of Spanish companies have transmitted to senior government officials is that the president must request a bailout from the European Union as soon as possible. They believe that doing so could now distance the country from the ghost of the 'junk bond' . What's more, they sense that Moody's action may be a pressure maneuver by the rating agency precisely to force Spain to ask for help. The argument they are conveying to the Government is clear: an intervention by Spain would loosen the pressure of the markets on the risk premium, and, in that case, there would be no need to lower the country's rating.