SPAIN / EUROZONE/ GERMANY : Temporary Fixes And Miscalulations Explain Bankia's Problems; Merkel Says There Are Conditions For Bank Billions.

http://online.wsj.com/article/SB10001424052702303444204577458553768029114.html


      If you missed it...yesterday's WSJ had an excellent, long, tick/tock piece on Spain's banking problems...especially with its #3 troubled financial...Bankia.
      It details the politics of the cajas, the failed temporary fixes and miscalculations of banking officials there.
      It's interesting...and now freely available.

     AND: Chancellor Angela Merkel applauded Spain's bank bailout and stated there are 'conditions' for Spain's probable E100 bn/$125 bn loan....including regular review by the Troika, likely bank restructuring...and even an increase in the 18% VAT tax.
http://www.google.com/hostednews/afp/article/ALeqM5iCKATs86GexYbOo5be5swvT2Tocg?docId=CNG.aa3a001b3cc5ca7fd0b085f85fba8455.681