Former savings banks are eager to shed shares of industrial stocks in order to meet the EU's capital requirements.
Up until now, banks that were bailed out using taxpayer money have earned more than 670 million euros. This is no small amount, and most of the revenues come from Bankia's divestments.
This is a good figure, becuase the money is helping banks to regain profit levels that they lost after the recession hit.
But a return to normalcy will require a return to the banks' traditional businesses: granting loans to companies and households. Until credit starts flowing, we will not see a full recovery.
