The sector justifies its restructuring and warns that it will be extended to the rest of the economy. Garamendi warns of a financial crisis: “Beware of populism.”

BBVA branch in Madrid.JOS LUIS PINDADO

The government’s attacks on the financial sector due to the strong workforce adjustments announced in the last week have aroused strong discontent in the main entities of the country, which allege that the Executive is fully aware that the restructuring is necessary and is not limited to only Spain. There are now four ministers who have harshly criticized the cutback processes announced in the last three days by CaixaBank and BBVA, which together add up to 12,000 jobs

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