Basque government waves “bye bye” to Fagor

Bankrupt white good maker Fagor may be about to go under for good after the Basque government said it wasn’t prepared to put any cash into the company if the main investors wouldn’t. Fagor is part of Mondragon, the vast Basque conglomerate that runs dozens of businesses in the region. But Mondragon refused to underwrite the billion euro debt Fagor has run up, which is what caused the bankruptcy in the first place, and doesn’t Continue reading Basque government waves “bye bye” to Fagor