The shock progress made by anti-austerity party Podemos in the recent local elections in Spain could bode badly for big Spanish banks like Santander (LSE: BNC). The talk of halting evictions and the like is just a sideshow for these global behemoths, but the prospect of Podemos winning control nationally is a very real concern
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Owain Bennallackowns shares in Santander. The Motley Fool UK has no position in any of the shares mentioned. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.