After hardly a month at Bankia, Goirigolzarri has warned De Guindos that he will not cancel the capitalization plan that was agreed on with the government before he replaced ex-CEO Rodrigo Rato.
After what happened with Rato, it makes sense to Bankia's new president is ensuring that Bankia complies with its agreements. Still, Luis de Guindos is seeking the Bank of Spain's opinion on the matter.
Criticism received for the 23.5 billion euros in bailout funds awarded to Bankia seem to have made an impression on Minister De Guindos, who is looking for a way to reduce this figure that he has already agreed to pay.
Goirigolzarri, who is wise enough to learn a lesson from watching somebody else make a mistake, is not willing to go through what his predecessor had to endure.
