Currently, public administrations are facing a significant deficit that they must urgently reduce to prevent a downgrade of our economy’s rating by the markets, the loss of credibility, and the Greek contagion.
However, the Spanish financial system remains an asset. It maintains solid profitability, operational efficiency, and diversified income through a deep relationship with its clients. The system is not in crisis, nor does it need to change its business model. Moreover, our way of banking symbolizes the back to basics that international authorities are now demanding.
