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Banco Santander (STD +1.2%) chair Emilio Botin reportedly took advantage of the ECB policy...

  • Friday, May 4, 2012, 11:36 AM ET
    Banco Santander (STD +1.2%) chair Emilio Botin reportedly took advantage of the ECB policy meeting in Barcelona to request another LTRO from the central bank. He has been turned down for the moment, but when the European equivalent of Jamie Dimon makes this sort of request, eyebrows are raised. Spanish banks are having a good day in a red tape. BBVA +3%.
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    Europe is still standing at the top of the ski slope shivering; it needs to go down the hill and risk breaking a leg or get back on the chair that brought them to the top. I am tired of the ministerial bickering And no progress. It's time to give the poles to men like Mr. Botin----he has been down this hill before and knows the trail.
    5 May 2012, 04:29 PM Reply Like
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