Luis Valls, the former co-chairman of Banco Popular, was reflecting on his decision to step down from his post last month. “I’ve often discussed with politicians the theory that if you face unavoidable decisions early then you can avoid periods of instability,” he said. “That is good for the health of the organization as much as it is for oneself.”
The idea that the 78-year-old Valls had decided to retire early will no doubt have raised a smile in smart bars in the centre of Madrid.
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