Summary: Spain's financial system is in trouble. Too many banks made too many bad loans. Part of the solution, the government has decided, is to consolidate -- to have relatively healthy banks buy relatively sick ones. On today's Planet Money, we meet Angel Borges. He's a banking consultant in Spain, and he's played the role of merger matchmaker for many of the regional banks known as cajas. But the mergers haven't been particularly smooth or efficient. For more on Spain's cajas, listen to our podcast from last week (#239).
