If you thought Davie Blunkett was corrupt, then try José Montilla. Montilla is boss of the Catalan socialist party, ex-mayor of Barcelona-fringe ghetto-town Cornellà, and an efficient guy with a previously spotless reputation, so Zapatero must have had few qualms about making him industry minister and general Catalan gofer/hitman.
The bad news is that last year, with Montilla already in office, the powerful regional savings bank, La Caixa, wrote off €6.7M of the €14M debt the Catalan socialists have built up over the last decade and converted the rest into a soft loan. Now, by complete coincidence, the energy regulator, chaired by socialist hack Maite Costa, has okayed a controversial takeover by of electricity utility, Endesa, by Gas Natural, 30% of whose shares are owned by La Caixa.
Endesa has the right of appeal: to Montilla.
So will La Caixa ask Montilla for its money back if Gas Natural fails to get Endesa or ends up paying
- Link sink for 30/05/2009
Mid-20th century Ibero-American hits, state-controlled media, the personal and the public.
- “Discretion Environment Elegance”
An illegal brothel at Girona Airport.
- Nationalism and the European elections, Berlusconi and the intra-Mediterranean risorgimento
Link love for 01/06/2009.
- Berlusconi and the new (Roman) falange
Mr Clarke blogging at It’s Probably The Pox, My Son links to a typical bit of mendacity, or gross ignorance if