Bankia, the unstable part of the financial puzzle in Spain

It is estimated that roughly Bankia has 40 billion US dollars of assets in trouble.

With ten million customers and 400,000 Bankia who has in Vilo fourth shareholders of the Bank of Spain, for the economy of the country by its toxic, inherited assets of real estate, and because it brings the Government of Mariano Rajoy, who has stressed that needed public funds for their salvation.

Styles which not only attracts entity few the evils of the housing bubble like other Spanish banks weeks ago partly nationalized, but his rescue also coincides with the hard, that the Government applied in sensitive sectors such as health and education.

After convulsive weeks for the entity (President, Rodrigo RATO, resigned and then announced the need for intervention by the Government, consolidates the accounts of Bankia), his actions have fallen confronted with uncertainty, the total amount of aid you need.

In this climate, the National Commission of the market of values (CNMV) reported Friday that the negotiation of the entity in the bag upon request an own policy temporarily suspended, except that not materialize hygiene plan.

Just this afternoon it will need to perform expected, that the Board of Directors of the Bank viability a plan is approved and grants public. According to some analysts, the figure will exceed$ 18,000 million.

Both the Bank and the Government move carefully, since a collapse in Spanish the entire financial system would affect. But