Spain plans more restructuring of savings banks

Article reports that Spain was pushing in January 2011 for a rapid and substantial recapitalisation of its troubled savings banks, or cajas, in an attempt to restore international confidence after a period of intense pressure on the eurozone’s indebted peripheral countries.

ESO: Background information: Caja reform comes under scrutiny http://www.europeansources.info/record/caja-reform-comes-under-scrutiny/

Website: Fund for Orderly Bank Restructuring (FROB) http://www.frob.es/general/creacion_en.html

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