The Bank of Spain says that €38 billion used to bailout the country’s banking system will never be recovered. The state contributed €26.3 billion of taxpayers’ money but just 5% of the total €51.3 billion has been recovered in the intervening seven years. This losses contrast sharply with the €16 billion which has been cut from education and health spending in the last five years.
COSTA DEL SOL NEWS
‘Robin Hood’ government slammed by the banks
Big banks and electricity giants are registering record profits – but are still up in arms over additional taxation imposed by the government to...
