‘Expediente Caixa’: una legislatura para encarrilar la operación salida del Estado
Si el Partido Popular gana las elecciones del 29-N y puede formar gobierno, como insisten las encuestas, se enfrentará a un dilema existencial: interés financiero frente a principios
The deadline inscribed in red on the calendar is December 2027. This marks when the incoming government must decide whether to remain entangled in CaixaBank or to put an end to the anomaly of the state holding a double-digit percentage stake in a private bank. This ownership stake stems from the valuation of the former Bankia, which was absorbed in 2021 by the Black Towers empire led by Isidro Fainé.
The injection of public funds to rescue the former Caja Madrid reached 22,400 million euros in 2012 during the depths of the crisis triggered by the collapse of Lehman. The figure, however, surpassed 24,000 million euros when additional deliveries made to support Banco Mare Nostrum (BMN) are taken into account, a firm that eventually integrated into the group.
The initial five-year term agreed upon to outline a plan for the state's exit from the bank ended with three more extensions, culminating in 2019. The government under Pedro Sánchez subsequently agreed to four more two-year extensions, with the final one expiring at the end of the coming year. The prevailing mantra was to wait until as much of the money disbursed could be recovered. The truth is that the figures have been starting to surface for some time now.
Written by urgent.news from El Pais Economia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
