A Basque Central Bank?
With Spanish Prime Minister Felipe Gonz lez' Socialists and the opposition conservatives running neck and neck, Basque and Catalan nationalists could swing the June 6 general election. The regional groups want to extract a price for their votes and are demanding independent central banks. The Catalans are asking for a bigger return on the taxes they pay. The Basque parliament has already passed a bill forcing savings banks to move their reserves from the Bank of Spain to a newly created Basque institution.