I would be surprised if anyone loses money directly as a result of Sanchez's overly ambitious plans-deposits were covered by Barclays Bank SA Madrid.The main price to be paid in my view will be the opportunity cost for those who have waited 12 months to have to go back to square one (minus)
What it does illustrate of course is that there is absolutely no corrolation between size and security in these volatile times and that very often the "safest" investment is more dependent upon the strength of the proposition itself and its market appeal.
