BBVA, among others, is providing the Spanish health ministry with essential equipment to help fight Covid-19
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Only a few months ago, Spain’s top bankers were muttering darkly about how new bank taxes under the incoming left-wing government would make credit pricier and scarcer, and exacerbate wider economic mismanagement.
They were all the more worried because both coalition partners – the centre-left socialist party, which controls the finance ministry, and the far-left Podemos party – had advocated harsher fiscal treatment of the banks in campaigning before elections last November.
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