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Zapatero asks for daily reports from Solbes
By h.b. - Oct 3, 2008 - 6:52 AM

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It comes as the Spanish Prime Minister wants to instil public confidence in the state of Spanish banks and savings banks.

The Spanish Prime Minister, José Luis Rodríguez Zapatero, wants to instil confidence in the public regarding the economic situation, but he does now finally appear to be far more aware of the seriousness of the situation after a period of playing down the dangers.

To that end he has asked for a daily report from his Minister for Tax and the Economy, Pedro Solbes, on the financial situation of Spanish banks and savings banks.

The opposition Partido Popular has for some time commented that the strength of Spanish banks is merely relative to others now in trouble. Yesterday the PP leader Mariano Rajoy called for the amount of money guaranteed by the Government in a bank account to be increased from the current 20,000€.

Pedro Solbes has already said he wants to do that, ideally with Europe, but if they do not react then he will take independent action.