Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
EE UU forzó a bancos y empresas españoles para que dejasen Irán · ELPAÍS.comThe USA forced Spanish banks and firms to leave Iran - ElPais.com
La Embajada de Estados Unidos en España ejerció una permanente presión sobre el Gobierno y las empresas españolas para tratar de limitar al máximo su actividad en Irán. Reuniones y contactos con miembros del Gobierno y altos directivos buscaron frustrar posibles operaciones con Irán, disuadir de realizar inversiones o forzar el repliegue de entidades como Repsol, Iberia, Unión Fenosa, Banco Santander y Banco Sabadell, según muestran las comunicaciones confidenciales entre la Embajada de EE UU en Madrid y el Departamento de Estado. La embajada llegó a conseguir que el subgobernador del Banco de España, José Viñals, facilitase información detallada sobre las operaciones del Santander y el Sabadell.The US Embassy in Spain exerted constant pressure on the Spanish Governments and firms to try and limit as much as possible their activities in Iran. Meetings and contacts with high executives and members of the Government sought to frustrate possible operations with Iran, discourage investments, or force the withdrawal of entities such as Repsol, Iberia, Union Fenosa, Banco Santander, and Banco Sabadell, as shown by confidential communications between the US Embassy in Madrid and the Department of State. The Embassy even got the deputy Governor of the Bank of Spain, José to provide detailed information about the operations of [banks] Santander and Sabadell.

Central Bankers, Central Wankers. And American spies.

What the fuck is the deputy Central Banker doing handing over to the American government material business information obtained by virtue of regulatory powers?

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010

by Migeru (migeru at eurotrib dot com) on Sun Dec 12th, 2010 at 08:43:09 AM EST

Others have rated this comment as follows:

Display:

Occasional Series