Bankia, the about to be failed bank that was formed out of seven failed savings banks, actually needs a bailout of over 7 billion euros, not 4,5 billion.
Interestingly enough, the amount that the state wants the federal regions to cut out of their budget is only 5 billion, so that’s that savings gone then. Bummer.
CEO of Bankia, Rodrigo Rato, has announced his resignation, which is unusual.
‘the amount that the state wants the federal regions to cut out of their budget is only 5 billion’ http://t.co/h5LOWrnN #HagamosComoIslandia