Spain PM tells banks not the time for big profits

[Joanne98]

Source: Reuters


MADRID, Feb 1 (Reuters) - Spain's prime minister has again urged banks to restart the flow of credit, saying the crisis is no time for large profits, the text and video of a speech showed on Sunday.

"I have supported the banks, supported them as all governments have, for their stability," Socialist Jose Luis Rodriguez Zapatero said on the campaign trail for local elections in Galicia, northern Spain.

"But I will tell them, with all my power and conviction, that this is not the time for large profits. It's the time to support credit and financing for families and companies in this country."

Zapatero's speech comes ahead of a meeting he is due to hold on Monday, Feb. 2, with the heads of Spain's leading banks to discuss the flow of credit. (Reporting by Sarah Morris; Editing by Steve Orlofsky)





Read more: http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSL154924720090201

[w4rma]

1. Nice. That's how you do things. (nt)

[Trajan]

2. The same applies to the corporations ...

STOP dumping workers to the street .... IF you can maintain a payroll, then keep your workers as long as possible ....