In Win for M15 Movement, Spain Opens Criminal Probe of Ex-IMF and Bankia Chief Rodrigo Rato [View all]

[Lars77]

DemocracyNow.org - Protesters in Spain are celebrating a major victory after the country's high court opened a criminal investigation into Rodrigo Rato, the former head of Spain's biggest mortgage lender, Bankia. Rato, also the ex-chief of the International Monetary Fund, has been ordered to appear in court to face criminal fraud accusations related to the downfall of Bankia, a banking giant at the center of Spain's economic meltdown. The news marks a rare case where a former bank executive is facing a criminal probe related to the global financial crisis. Reporting from Madrid, Democracy Now! host Amy Goodman speaks with Madrid-based activist Olma Gálvez, an organizer with Democracia Real Ya, or Real Democracy Now, part of the May 15 Movement in Spain.

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