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A delegation from the EU-ECB-IMF troika of creditors is visiting Madrid to evaluate the state of the Spanish banking system.
Between now and May 28, it will meet civil servants and senior executives from a dozen banks to gather data for a report to be submitted within the framework of the €100bn loan granted by the EU in 2012, of which €40bn has already been drawn down.
The "men in black" want to determine why normal credit flows to companies have yet to be restored, and to establish possible solutions to this problem. At the same time, the Spanish banking sector has called on the government to introduce measures to promote business lending. Both the troika and the banks are worried about the interest rate on non-performing loans, published by the Bank of Spain, which stood at 10.5 per cent in March.
A conversation with investigative reporters Stefano Valentino and Giorgio Michalopoulos, who have dissected the dark underbelly of green finance for Voxeurop and won several awards for their work.
Go to the event >