Spain’s cajas pay price of inaction

With financial markets jittery and investors obsessed by the weaker countries in the eurozone, the managers of Spain's cajas de ahorros , the unlisted savings banks, could hardly have picked a worse time than the spring of 2010 to restructure their institutions.

ESO: Background information: Scepticism as Spain's cajas reveal merger http://www.europeansources.info/record/scepticism-as-spains-cajas-reveal-merger/

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