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| CIC President Gonzalo Postigo working on a WOW Financesection declaration during a meeting in Vienna, April 2012 |
CIC has claimed that the European
Commissioner of Competition, the Spanish Joaquín Almunia, submits his
resignation for suggesting that some banks intervened by the Bank Restructuring
Fund (FROB) should be liquidated.
During his recent visit to Spain Almunia
argued on several occasions that it would be better to liquidate orderly
intervened financial institutions if the costs of its restructuring demands
greater efforts to the taxpayer. He maintained that this formula has been used
many times during the crisis of the last five years.
According to CIC, Almunia's statements are
"unacceptable, the most grave and blameworthy" to those said by
"any public responsible European" so that, in his own view,
"this must have the necessary political consequences." This means
that the Commissioner should "resign and if he does not understand the
gravity of his acts, he should be dismissed by the Commission."
To this end, CIC has already sent a letter
to the Commissioner of Economic and Monetary Affairs requesting this punitive
measure against the "bad influence on the perception of the markets right
now on the whole Spanish financial system, contributing negatively to the
evolution of the risk premium on Spanish debt. "
Furthermore, CIC has offered to perform in
Brussels "or in any other forum" to "tell the reality" of
what happened in the Spanish financial system in general or in the savings
banks in particular.
THERE ARE NO
OFFICIAL DECISIONS
CIC president, Gonzalo Postigo, considers
the words of the curator to have caused a "great economic and moral
damage" to the affected entities as "customers have been impacted by
negative information that does not respond to any formal decision taken ".
Postigo argues that "the four
entities - referring to Bankia, Banco de Valencia, Catalunya Caixa and
Novocaixagalicia - have had to endure the withdrawal of funds by customer,
frightened by some information that has provoked the weakening of the
institutions under suspicion," adding that "these have also caused damage
to many customers, who dominated by fear, have suffered penalties for
withdrawing funds before the expiry of the period.”
In this sense, he has called it
"inconceivable" that a measure such as liquidating a bank "has
been said repeatedly as a possibility" when it is not even decided. He
concludes that "even the younger sector employees know how to communicate
such decisions, and still know better how this news should not be
treated."
Source: europapress.es/Economia
Original language: Spanish
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