US EditionSpain Violated EU Rules by Meddling in Banking Merger, Says Brussels
27 Articles
27 Articles
EU Triggers Infringement Procedure Against Spain Over Sánchez’ Power Grab
The European Commission announced on Thursday, July 17th, that it had opened an infringement procedure against the socialist government of Spanish PM Pedro Sánchez for granting itself sweeping powers to block bank mergers, which undermines the financial integrity of the EU. As Spain is already at a tipping point, and millions are demanding Sánchez’ resignation, this new situation might speed up the eventual collapse of the government. The EU’s …
The European Commission has opened a case against Spain because of the government’s intervention in the BBVA OPA on Sabadell, after the decision was submitted to the Council of Ministers for reasons of general interest. On 24 June the Executive decided to give the green light to the operation, although it imposed additional conditions to those laid down by the National Commission on Markets and Competition (CNMC) which, among other things, preve…
According to European rules, the previous government should not have simply awarded the main rail network to NS without considering proposals from competitors.
The clash between Brussels and Madrid over BBVA’s opa and Sabadell has officially started. It was seen coming from the end of May and this Thursday the European Commission has opened hostilities: it has opened file to Spain because it considers that the rules used by the government, approved and in force since 2014 and 2015, do not conform to the law of the European Union. It believes now that the Spanish executive gives power to the Ministry of…
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