Spain's bankers urge more control over finance

Special Report:Global Financial Crisis

MADRID, Nov. 10 (Chinese media) -- Spain's bankers on Monday proposed to Prime

Minister Jose Luis Rodriguez Zapatero that Spain should call for more control

and supervision of the international financial system.

Before attending the G-20 Summit on Nov. 15 in Washington, Zapatero met

with four leaders of the country's major banks -- Emilio Botin, head of Banco de

Santander, Emilio Botin; Francisco Gonzales of BBVA; Isidro Faine of La Caixa;

and Miguel Blesa of Caja Madrid.

Most of the participants stressed the need to tighten the control and

supervision of the international financial system.

According to a communique released after the meeting, the meeting analyzed

the document approved on Friday by the European Council, which was positively

valued by the bank leaders, who believed it well reflected the current economic

situation, though some parts of its text could be more precise.

Zapatero also discussed the economic situation with the bankers, and

briefed them on the initiatives that the European Union (EU) will take to

promote economy according to the regional priorities.