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Friday 4 June 2010

Takeover by Spain's Socialist administration of Catholic CajaSur causes controversy

I could have predicted this! I noted concern when it was first taken over, by the Government which constantly clashes with the Church. Financial markets are concerned, and it is thought the church feared local political parties, it is the sort of thing, which when done by the Left, makes people fear for all banks, especially after what happened in Leftest Greece.

in reference to:

"CajaSur"
- With Spain's Takeover of a Local Bank, Soul-Searching and Anger - WSJ.com (view on Google Sidewiki)

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