Pressure On Spanish PM To Explain Swiss Bank Money
Barcenas, who served for one year as the party's treasurer and 19 as its assistant treasurer, resigned in 2009 after he was first named in a National Court probe into alleged irregular financing practices by the party.
His lawyer, Alfonso Trallero, has denied the Swiss account money was illegally obtained or linked to the Popular Party.
Traillero raised a separate storm when he claimed that Barcenas took advantage of a recent government amnesty for undeclared assets â¿¿ something which has already infuriated many Spaniards â¿¿ to "regularize" roughly half of the Swiss account money. Finance Minister Cristobal Montoro has agreed to address Parliament on the issue Wednesday.
"I think some austerity is needed, but obviously political parties, which operate on public money, should be subject to tougher control by the state. Things like this should not be allowed to happen," said retiree Alberto Ruiz del Portal, 64._____ Jorge Sainz in Madrid and Barry Hatton in Lisbon, Portugal contributed to this report.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV