The Spanish Financial crisis and its source, the Spanish Saving Banks

The Spanish savings banks (SSBs) built-up excess capacity and risk concentration influenced by many stakeholders’ interests, including politicians in their decision-making bodies. SSBs were not subject to typical market discipline mechanisms, and blurred competences between the central government and the autonomous provoked the crisis of the Spanish financial system. Read the full analysis by the IMF in the attached documents.



Spanish Crisis Spells Uncertain Future for Gibraltar

As reported by Investors Offshore, the already fractious relations between Spain and Gibraltar are expected to deteriorate if the People’s Party is elected, as anticipated, in forthcoming Spanish elections, which have been brought forward to November as a result of the country’s debt crisis. Continue Reading