We can "press" so that the State always remains a partner in the great merger and enters into management

The Vice President of the Government,

, assumes that the merger of CaixaBank and Bankia is unstoppable, but demands in return that the State remain indefinitely in its shareholding and exercise influence in the management.

Iglesias declared yesterday on Cadena Ser that he will "press" for public participation in the project.

Sources from United We can assure EL MUNDO that Iglesias' idea is that the Bank Restructuring Fund (Frob) not only retain forever the around 15% that it will hold in the new bank, but that, contrary to what it has made in Bankia, participate in the management.

The main shareholder of the new bank with more than 30% of the capital will be the Fundación Bancaria la Caixa, chaired by Isidro Fainé, but the Ministers of Podemos do not want to leave the management exclusively in the hands of this shareholder and the main executive, Gonzalo Gortázar.

"The participation of the State must serve to incorporate criteria of general interest and development of the productive fabric to the management of the bank," they

explain in Podemos.

They point out that this management should be "similar" to that of the German state KfW, born to manage the Marshall Plan funds in 1948.

This position of Podemos goes against the wishes of CaixaBank and the Moncloa plan reported by this newspaper last Sunday.

The objective is to continue "in the long term" in the capital, but to wait a long time before selling and to trust that this will recover more money from the 24,000 million state aid injected in 2012. But always keeping the line of the economic vice president , Nadia Calviño, who, like the PP Government, has not wanted the Frob to act as a shareholder in the management and has left it in the hands of José Ignacio Goirigolzari's team.

The Minister Spokesperson herself, María Jesús Montero, assured yesterday that in the participation of the State there is "absolute respect"

for the boards of directors and shareholders' meetings of the two banks.

And she gave the government approval: "The protection of the general interest of the entire citizenry, of course, is fulfilled in particular in the proposed merger of Caixabank and Bankia."

so that "it can continue its course and with all the guarantees from supervisors, both from the Bank of Spain and from European supervisors," added Montero.

Fainé would have problems with the listing of the new merged bank if the Frob's declaration of intent is to participate in the management, because its interest will differ from that of the shareholders.

Iglesias declared yesterday that, in parallel, he wants more "instruments of public control" in the financial sector by promoting the Official Credit Institute (ICO).

Regarding Calviño's statements that the ICO is already efficient in its current role,

.

The leader of Podemos also wants to take advantage of the re-launch of the banking tax, since the Bankia merger increasingly brings the outcome of heavy losses to the State in this important financial institution rescued.

Another front for the merged bank is the one open from the independence movement.

The Minister of the Presidency and spokesperson for the Catalan Government, Meritxell Budó, announces that she will ask the legal services to prepare a report for the European Commission to analyze the concentration and showed "concern" for the future Valencian headquarters of the bank.

According to the criteria of The Trust Project

Know more

• We can

• Pablo Iglesias

• PP

• United we can

• Nadia calviño

• Maria Jesus Montero

• European Comission

Finances Calviño did not inform Iglesias of the merger of CaixaBank and Bankia, although he had known her for months

EconomyThe State plans to remain "in the long term" as the second shareholder of the superbank

The new merged bank will be able to pay for its adjustment by absorbing Bankia at a low price

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