Post by account_disabled on Feb 20, 2024 0:05:56 GMT -5
Relations Area of Santander, BBVA, CaixaBank, Sabadell, Bankia and Popular: “Outside the euro, you will not have financing” The ECB designs a devastating report to 'scare' Catalonia: if it declares independence, its banks will not receive euro bills and will not be able to attend liquidity auctions The Catalan sovereigntists do not dare with the governor of the Bank of Spain CaixaBank and Sabadell will announce that they are leaving Catalonia if independence is declared Artur Mas' plan to blame Spain if Catalonia ends up in a 'Greek-style corralito' Santander, BBVA and Bankia will take their strategic assets outside of an independent Catalonia Mario Draghi. Mario Draghi, president of the ECB. Updated: 10/28/15 | 19:18 The European Central Bank (ECB) has taken the Parliament's declaration to initiate the break with Spain very seriously. The movement has triggered urgent calls from senior executives from Frankfurt to the six main banks operating in Catalonia. As confirmed by El Confidencial Digital by top-level financial sources, senior executives of the European Central Bank have contacted executives from Banco Santander, BBVA, CaixaBank, Sabadell, Bankia and Popular.
The telephone calls have been directed, specifically, to the heads of the financial division in charge of each entity to assume global direction and coordination with the supervisors and regulators of the bank and its different units. The interlocutors have confirmed that the reason for these urgent contacts was the materialization this Tuesday of the Middle East Mobile Number List declaration of the Parliament of Catalonia to begin the “disconnection” from Spain. Strong pressure to leave Catalonia Sources familiar with these calls tell ECD that the message transmitted by the ECB has been forceful . In tone and form. He has told them that they must take seriously the scenario that is opening up in Catalonia in the coming weeks. He has insisted, directly and privately , after the public warnings that he has been making in recent months, on the main consequence of continuing to operate in the region if the independence groups continue with the process: they will immediately lose access to central bank liquidity.
Outside the euro, you will not have financing ”, He has come to tell them. And he has sent them another unequivocal message: the banks active in Catalonia will be left out of the banknote distribution mechanisms , they will run out of cash and they will be forced to declare a corralito to avoid a total collapse of the financial system. The banking's immediate response to Frankfurt The response from the entities, through the Area of Relations with Supervisors and Regulators, has not been long in coming either. They have also sought to be forceful to quickly reassure those responsible for the ECB. “There is no doubt that our operations will remain in the euro zone ,” the financial entities have unanimously transmitted. In the sector they admit that "the distances with Frankfurt mean that these gestures by the independentists lose nuances outside of Spain ." The central bank appears disconcerted by some movements regarding a problem in Catalonia that it does not fully understand.