May 28, 2013

New Bankia shares tumble, wiping out family savings in Spain

Nationalised giant has now lost 99% of its stock exchange value since it was listed 22 months ago

Spain's banking crisis wiped out billions of euros of family savings on Tuesday as small investors who bought shares in the nationalised giant Bankia were finally able to trade them – but at only a fifth of their original price. Read more.

The Guardian

Related,
Public deficit threatening to get out of hand - El País
Rajoy and party barons fail to agree on deficit - El País

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