€23.5bn Bankia aid 'an investment', says bank president
The president of troubled Spanish lender Bankia has said the €23.5bn bailout it will receive from the state should be treated as an investment to make profit for the Spanish government, and not as a loan.
In a statement released today, Jose Ignacio Goirigolzarri appeared to be trying to reassure markets after the press questioned what he meant by comments the day before, when he stated that “we don’t need to talk about giving any of it back”.
