June 21, 2021

Snchez rejects that Bankia should be public – The Province

Snchez rejects that Bankia should be public - The Province

The president of the Government,Pedro Sánchez, has defended this Wednesday in Congress the decision of the Government ofnot to sell "at this moment" the participation of the State in Bankia,in order to recover the entire bailout, although it has closed the door to keep it as a public entity, since it does not see the need for a public commercial bank.

"There can not be a commercial bank,it does not make any sense for the State to have deposits ", Sanchez has settled, before the question that the general secretary of Podemos has formulated in the control session,Pablo Iglesias, about his plans for this rescued entity.

The leader of the training 'dwelling' has opted to "boost" an investment bank through the Official Credit Institute (ICO). "We are not closed to having a public bank, the debate that has always been in thePSOEand on the left is whether the State should have a commercial bank or an investment bank. We believe that there has to be an investment bank, "he said.

The president of the Governmenthas not ruled on when it will boost the sale of this entity,but it has ruled it out now, because the "main objective" of the Government "is to recover the more than 22,000 million" that, he recalled, the State invested "to rescue the entity."

"Let's talk clearly, right now the quotation does not allow that objective, therefore, in these momentsdoes not consider on the part of the Government to sell the participation of Bankia ", he explained, underlining that "this can not surprise anyone", since, he has apostilled, "is what he has always defended", both the Government and the PSOE.


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