The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Monetary financing is "the only way out in a democracy", says Santander's Botín

Banks need to play their part in rescues without putting all the burden on shareholder funds, says Santander’s group executive chairman.

Ana-Botin-podium-Santander-R-780.jpg



States will have to print money to deal with public-sector debt in the aftermath of the coronavirus Covid-19, says Ana Botín, Santander’s group executive chairman.

As Santander announced an 82% dip in profit in the first quarter due to coronavirus, she tells Euromoney that financial leaders, including in Europe, “have to throw away the rule book” to support their economies.

“We’ve never seen this kind of crisis in our lives. We cannot play by the rules. We have to realise that this is a different kind of crisis.




Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree