The then Deputy Director General for Competition of the European Commission, the Dutch

Gert Jan Koopman

, still remembers that meeting in his office in November 2012. He received the then CEO of CaixaBank,

Juan María Nin

with the Bank of Valencia at risk of bankruptcy total.

The European Commissioner for Competition,

Joaquín Almunia

, was pending and it was necessary to determine what State aid was admissible for CaixaBank to keep it avoiding disaster.

A bankruptcy when it is

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