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Grouped Articles
Spanish Banks More Vulnerable Than Italy's
Wall Street Journal 07/13/2011
New York Times 05/17/2013
The Pain in Spain Falls Mainly on the Cajas
BusinessWeek 02/25/2010
Economist 05/29/2010
Spain's cajas: Thinking outside the box
Economist 07/31/2010
Spain's banks: Two cheers, three tiers
Economist 10/02/2010
The Cajas, local savings banks, evolved in the post Franco years into banking institutions that controlled significant deposits and expanded into the real estate sector. This happened under Cajas leaders who ran the cajas for many years and became highly influential in the political system. After the bubble burst these Cajas had to be consolidated under new management by the federal government in Madrid. Prime minister Rajoy of Spain comes from the same region of Galicia in northwestern Spain. Today the Cajas are seen as a symbol of the bubble years and lack of financial controls.
Grouped Articles
New York Times 05/17/2013
Wall Street Journal 09/28/2011
The Pain in Spain Falls Mainly on the Cajas
BusinessWeek 02/25/2010
Economist 05/29/2010
Spain's cajas: Thinking outside the box
Economist 07/31/2010
Spain's banks: Two cheers, three tiers
Economist 10/02/2010
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