Spain’s troubled savings banks may spur new financial crisis - The Globe and Mail

Spain’s troubled savings banks may spur new financial crisis - The Globe and Mail: "It took a priest in southern Spain to remind the world that the European banking industry might be on the verge of another disaster.
The Rev. Santiago Gomez Sierra, the chairman of CajaSur, a regional savings bank in Cordoba, began his last board meeting last week with a prayer. Several directors performed the sign of the cross. No miracle happened. Within hours CajaSur, controlled by the Roman Catholic Church, was seized by the Bank of Spain."