Cajasur slips beneath the surface… only a few bubbles left

Normally, when a bank collapses, you hear a lot about it. TV images of people queuing to get their money out. Maybe a riot. Not, however, over the weekend when Cajasur, the savings bank owned and operated by the Catholic Chuch in Cordoba, quietly gave up the ghost after, amazingly, walking away from a rescue deal offered by Unicaja. Madrid quietly shut off the life support machine on Saturday, and a few grieving relatives had Continue reading Cajasur slips beneath the surface… only a few bubbles left

ZP orders Almeria AVE put back by one year

And so it takes place. ZP’s massive cutting of public expenditure will affect the Almería AVE line, Minister of Development José Blanco announced last night. 6,400 million euros of public spending on public works is being slashed. The Ministry will be announcing in a few days which contracts, even ones already signed, will not be honoured. As funds initially earmarked for the project will be reduced, the completion date for the line will be put Continue reading ZP orders Almeria AVE put back by one year