THE BANKING IS NOT THE COMMUNITIES AUTONOMOUS TRUTH Mr.RAJOY

The government of the PP almost insists every day that this reordering and restructuring the Spanish banking, but that makes it to see if the lie becomes truly by force of saying it, because the certain thing is that neither he makes it neither he will make it, the banking is not the autonomous communities these they depend on the government, and on the contrary the government depends on the banking, there is the difference here, so what will happen is that the banking was reorganized when he of the real one wins, and later it will restructure the government. 

The Government pulls up the sale of Bank of Valencia and Catalunya Caixa. The Fund of Bank Orderly Restructuring (Frob) he has foreseen to begin formally on Thursday the process of auction of the two entities. The disinvestment of the State has been delayed more than one month, regarding the calendar that was managed initially for, among other factors, the lack of resources of the Fund of Guarantee of Deposits (FGD) and the difficulty to make a pact a solution with the financial sector sews that it has not happened until the sector has seen it well. 

The banking opposes her to continue contributing money to finance the rescue of the weak entities. And the Government cannot commit the attainment of his objectives of public deficit, financing the bank restructuring. Also, to give public money to the banking would also have an important cost in terms of public opinion, in a moment in the one that is demanding to the citizen strong adjustments and economic sacrifices. 

BMN will participate actively in the auction of Bank of Valencia, intervened in November. Their sale has been sprinkled by the confrontation that, soon after its rescue, he/she has loosened among Box Madrid and Bancaja, indirect shareholders of the entity through Financial Bank, the womb of Bankia. The market also discounts that entity like Santander, Popular, Bankinter or groups of medium saving bank that should win size will analyze the sale notebook that will distribute the investment bank Nomura in charge of advising the operation.    

With the setting in March of the auctions, the Government and the Bank of Spain want to accelerate the financial reformation, with the objective that the new bank map is already quite clear before the summer. The distrust of the international markets toward Spain has resurged in the last weeks again and it is high-priority to advance in the restructuring of the banking, one of the three reformations nails rushed up to now by the Government. 

The bank restructuring doesn't advance because it cannot be sustained in many aspects, mainly the economic one, so that we will deceive the state it cannot accelerate it because it doesn't prepare neither of international credo, neither of effective money in its bank of Spain, to make a restructuring to the American, so in definitive the bank restructuring is in hands of the own banks, and this is very difficult of completing, for the same reasons. 

The key of this whole tangle, they have it two basic elements and united in the misfortune, one the own central government the other one is Bankia. All readjustment or reordering goes to clean of problems, more than of debts, to the banking and Bankia it is a problem with debts until the ears, so her alone he has the worst two aspects in the problem, other entities can have irretrievable debts but they are very defined and they can and in fact they have already been assumed by big entities, said otherwise, the own banking has taken charge of fixing some problems that they know that it is not they good that they are getting dizzy to the markets. 

But Bankia is a case irresoluble like so many other things in Spain, Bankia is irrational, grow against the logic but simple of the world that he advised its intervention and liquidation immediately, when it had not still been formalized in its enormous span, but this represented an enormous political danger, because inside the entities and of the debts and irretrievable credits would appear for all sides the community of Madrid and the Central and political Government but or less corrupt in a way or other, it is curious because the wrong was made in socialist time, but it is evident that a thing in the political opposition and another very different one the political corporativism. 

Between so much debt and so much waste, there was and there is of everything and of all, so a form of hiding the truth was to create a enormous bank with the hope that its size transformed it into such a big problem that there is not more remedy than to fix it as was, and there that they put to the poor person of While, to have if it worked the miracle of making believable the entity, in her you together and I fuse all the dirt that had scattered for entities innumerable, and that it had been capable of it generated the politics and the politicians during years. 

What Bankia contains is not thing of one year neither of two, the time as always gives or it removes the reason to the things and people, and in this case in spite of the thousands of millions of Eurus that the BdE has buried in the entity, (many more than those that the PP wants now to save in the public sanity) and the good one to make of its director, the bills continue without leaving. And already certainly the government from Spain and the BdE neither they can neither they have way to cover but the hole that represents for the credibility of the Spanish economy, this bomb of called watch making Bankia. 

Luis De Guindos has reiterated that these coalitions will be good to restructure the sector and to give place to entities financial "solvents, with better corporate government and in disposition of giving since credit", as it has denounced, "The banking continues contracting the credit to the private sector". But this won't happen until the banking is liberated of the "banking official semipublic that Bankia represents any entity at the present time" in its healthy trial he will want to be taken charge of this leviathan, and this is to dynamite it like be, this is as the damned debt of the electric ones another ghost that nobody knows very well what it is, and that I neither eat complete parallelism he gets ready. 

I know that it is very hard in the current circumstances to say these things, but it is that anything is not won with hiding them at the end they will explode, and the wrong that they will cause it can be horrible, the government should put on in this matter, in hands of the Spanish banking and to give them the reins of the problem, they cannot continue being so dreamer believing that they can dominate her, the banking is, political gentlemen, the Spanish economy, you are some puppets that we change them every four years, but the banking continues year after year and to them you don't go them neither to deceive neither to dominate. 

Learn how once and for all to negotiate, to be clear and to expose the truths, I believe that if they make this way it, it is possible that the banking fixes to the banking, if they don't make it and they seek to play to political of camouflage and safeguard of privileges, to the banking that doesn't make them neither tickle, with continuing pressing the rope of the credit has the won battle, as I tell them the time it puts to each one in its place they don't doubt it.