Spain MPs to probe €60bn bank bailouts

Spanish MPs have voted unanimously to set up a commission to examine mistakes that led to a €60 billion bank bailout in 2012.

In a rare display of unity in Spain's fragmented parliament, all parties signed up to a deal on Wednesday (22 February) to “create a commission to investigate the financial and banking crisis, the listing of savings bank Bankia and its later rescue, the action taken by regulators and the weaknesses, needs and challenges of the financial system”.

In 2012, a ...