SPANISH
OFF-PLAN PROPERTY
BANK
GUARANTEES - AVALES BANCARIOS
"There
are obligations imposed by LEY 57/1968 on financial institutions -
some banks have not acted with diligence"
Source: Banco de España Memoria
del Servicio de Reclamaciones 2008 & El Pais Newspaper - August 2008 "New
solutions tailored to the present-day problems must be sought"
"Good supervisors should not limit themselves to analysing the
present, but should also anticipate possible scenarios
of non-viability that might arise in the future and attempt to
reduce problems to a minimum before they emerge" Source: Miguel Ángel
Fernández Ordóñez - Ex-Governor of Banco de España - Speech at
Fundación de Estudios Financieros, Madrid, 1 December 2011
“Come here calmly, and trust in the system that we have and the
transparency we provide” Excelentísimo Señora
Beatriz Corredor Sierra - Ex-Spanish Housing Minister - February 2011
“Spain's voice must be respected again in Brussels and
Frankfurt. We will stop being part of the problem
and will be part of the solution"
November 2011 "You have
before you a President of the Government who will face up to issues
and not hide himself away"
Interview EFE Agency January
2012 Excelentísimo Señor Mariano Rajoy Brey -
Presidente del Gobierno de España - November 2011
Ex-Spanish Prime
Minister Mr José Luis Rodríguez Zapatero said in
THE EU PARLIAMENT ON 6 JULY 2010:
"My country is based on the rule of law and it respects and ensures
that
laws are respected. The courts are responsible for the
application of law.
We stand shoulder to shoulder with those
people who, maybe, have had the
wool pulled over their eyes in the
property sector"
