Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-09-Speech-3-240-000"
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"en.20120509.23.3-240-000"2
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"Mr President, Bankia will be nationalised this week by the Spanish central government and EUR 10 billion of public money will be used to bail out this bank.
Spain’s Prime Minister, Mr Rajoy, has, for many months, repeatedly denied that this would happen in Spain and has refused to bail out some Catalan saving banks such as CatalunyaCaixa and Unnim. However, Madrid’s Bankia will be saved with public money despite its bad management and its close involvement with the bursting of the housing bubble in Spain.
This is happening at precisely the same moment as regions are being obliged to cut EUR 10 billion in education and health. The Spanish Government will cut transfers to regions in order to cut basic social services and save a bank that has failed. The Commission should examine this nationalisation carefully. No discrimination between citizens should be tolerated in EU countries."@en1
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