The Government has managed to get the ECB to only 'supervise' the four banks...

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Bank of Spain. For now, Santander, BBVA, Caixabank, Popular... are saved. Not all European banks will be 'supervised' by the new supervisor assigned to the ECB. In the case of Spain, the community authorities are only expected to 'monitor' the four entities intervened by the State. For now, Santander, BBVA, Caixabank or Popular will be freed from this strict control by Frankfurt. As El Confidencial Digital has learned from government sources, European banking supervision will only have consequences on some Spanish entities, that is, those that have received public aid or require the million-dollar injection committed to Brussels. This is the case of Bankia, Novagalicia, Catalunya Caixa and Banco de Valencia . This means that, for now, the total of the more than 6,000 banks in the eurozone will not be included under the new supervisory body until early .

Therefore, the large Spanish financial groups (Santander, BBVA, Caixabank or Popular) will be left out of this 'oversight' by the ECB. The European Central Bank will be in charge of imposing Middle East Mobile Number List  sanctions on these entities, but will still leave supervisory powers in the hands of the Bank of Spain . According to the sources consulted, Spain wants the plan to be carried out as quickly as possible because, in this way, the country, mired in a deep crisis in the financial sector, will ensure that the recapitalization of the bloc's banks with problems is carried out . directly without it becoming public debt for the State.



On the other hand, the bad bank , which will group the banks' toxic real estate assets for sale and liquidation , is not enough for banking sanitation. The bad bank will not be operational, whatever Guindos says , before half a year, and the deterioration of bank accounts continues unstoppable. The proof is that the bank has already recognized that it has to face an extraordinary restructuring for another 14,000 million . The outlook for the closing of the banking year is gray to black , with the economy in recession, credit investment on the decline, and bad debts on the rise. If it were not for the rise in commissions, which have grown twice the CPI , practically all banks would be in the red today.