Former directors of Caja Madrid dissatisfied with privatizing the savings

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A national movement: they ask to limit salaries for directors, audits and dispense with the CECA A group of people, made up of former directors and workers of Caja Madrid, are mobilizing at the national level to create a platform for the nationalization of savings banks. Among their proposals they demand an end to the millionaire salaries of senior management, audits of the entities to know their real situation and the replacement of the CECA. In the manifesto they are drafting, to which El Confidencial Digital has had access , the promoters point out that the Government, encouraged by the Bank of Spain, has promoted the privatization of savings banks, allowing private banks and large investment funds take control of the savings deposited in the savings banks.

In the first weeks of circulation, the document has received almost 1,500 endorsements from different entities and ordinary citizens. According to the report, the bankization of savings banks will lead, among other issues, to the destruction of almost 30,000 jobs and one of their main hallmarks: Welfare Projects. About 4,000 jobs will be destroyed in Bankia alone , most of them at Caja Madrid, whose Obra Social will be reduced by half. Initially, the mobilization UK Mobile Number List was limited to the Community of Madrid and the conversion of the entity chaired by Rodrigo Rato into a bank . However, the promoters of the initiative have even obtained the support of the 15-M movement in some of its premises, which will allow them to create working groups at the national level to constitute the platform for the nationalization of savings banks in the whole country. The presentation of the manifesto is scheduled for next Tuesday at the Círculo de Bellas Artes.



Among the main proposals included in the manifesto of discontent with the privatization of the savings banks, the following stand out: -- Repeal all legislative measures that open the door to the conversion of savings banks into private banks: they intend to promote all legal measures to stop their application . -- Carry out audits of all financial entities to know their real situation. Through this process, they want to know what has been done with the money earned by the entities in recent years, demanding responsibilities from their managers and those in charge of their supervision. -- End of millionaire salaries for senior managers , establishing a salary regime equivalent to that of public administration workers.