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El PP votará a favor del fondo de rescate del Gobierno · ELPAÍS.comThe [Spanish opposition] PP will vote for the Government's rescue fund - ElPaís.com
El portavoz económico del PP, Cristóbal Montoro, ha anunciado hoy que su formación votará esta tarde en el Pleno del Congreso a favor de la convaliación del decreto ley que regula la creación del Fondo de Reestructuración Ordenada Bancaria (FROB) porque considera que la banca española "necesita de manera urgente" este "plan de rescate".The economics spokesman of the PP, Cristóbal Montoro, announced today that his party will vote this afternoon in the [Spanish] Congress in favour of the validation of the legislative decree regulating the creation of the Orderly Bank Restructuring Fund (FROB) because they consider that the Spanish banking sector "urgently needs" this "rescue plan".

The PP is all for bailing out the fat cats.

Also the Central Bank doesn't want to hear about regulatory intervention or nationalisation of failing institutions.

It's moral hazard all around.

A man of words and not of deeds is like a garden full of weeds; a man of deeds and not of words is like a garden full of turds — Anonymous

by Migeru (migeru at eurotrib dot com) on Wed Jul 8th, 2009 at 09:32:58 AM EST
[ Parent ]
Nobody expects the Spanish opposition!!!!!!111

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Wed Jul 8th, 2009 at 10:51:47 AM EST
[ Parent ]

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