The Minister of Industry, Tourism and Commerce, Reyes Maroto, said this Friday that “she could not say” if the breakdown of the talks between BBVA and Sabadell for their merger is “good or bad news”, but what she has insisted on is in the need for Spain to have a solvent financial system, unlike what happened in the 2008 crisis.

“It is a matter of two companies (…) I believe that these conversations began as a result of the merger between CaixaBank and Bankia. Anything that is to strengthen the financial system is good (…) The more robust the financial system , the better it will be for Spain “, he stated in statements to RNE collected by Europa Press.

In any case, Maroto has stressed that the Spanish financial system is “one of the best in the world” and has valued the response and “great responsibility” that banking has shown in the health crisis to put itself at the service of society and Help save businesses and jobs.


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