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Spain

Rato reports government pressured Bankia

The former president of Bankia, Rodrigo Rato, said yesterday that Rajoy’s government put pressure on him to raise provisions “without any legal basis” without coverage from Bank of Spain accounting regulations. This is also how the former vice president of the Spanish government responded in his fourth session with the prosecutor’s office in the trial over the sale of Bankia in July 2011.

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