Bank reform to gather pace

Report of a FT interview with Miguel Fernández Ordóñez, Spain’s Central Bank Governor, November 2009. He calls for a a third of the country’s 45 savings banks to be quickly absorbed by stronger institutions as part of a radical reform of the financial ­sector.

Website: Banco de España / Bank of Spain http://www.bde.es/homee.htm

ESO: Background information: Madrid happy to fall in step with ECB policy http://www.europeansources.info/record/madrid-happy-to-fall-in-step-with-ecb-policy/

ESO: Background information: Spain's cajas struggle for survival as bad loans mount http://www.europeansources.info/record/spains-cajas-struggle-for-survival-as-bad-loans-mount/

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