MADRID-While Spain has most recently made headlines for its $125billion bank bailout by the Euro Zone, some US companies are stillgoing against the grain and looking at growth in the country. NewYork City-based Carlton Group recently hiredJavier Beltran as managing director here, as wellas Borja Rodriguez-Cueto as a director.

Beltran most recently was managing director ofUniCredit’s Real Estate Investment BankingDivision. Rodriguez-Cueto was with AhorroCorp. Both will report to Mark Gollin,managing director and head of European loan sales and valuationsfor Carlton.

Gollin talked with GlobeSt.com about the recent bailout, andwhat can be done by Spain to get back on track. He says given thecurrent state of the market, the absolute cost for the banks torehabilitate is too great to manage alone, and as such, governmentintervention was ultimately necessary.