Rodrigo Rato: exiting through the revolving door
The former head of the IMF and Spanish economy minister has just landed a job at Telefónica, despite facing a judicial investigation into mismanagement while he was chairman of failed lender Bankia.
The former head of the IMF and Spanish economy minister has just landed a job at Telefónica, despite facing a judicial investigation into mismanagement while he was chairman of failed lender Bankia.
Portugal moves a step closer to a Greek-style crisis as the Socialist prime minister steps down after an unsuccessful congressional vote on measures to cut the deficit.
Spain may not be on the verge of seeking a Greek-style bailout, but the government’s slow progress on cutting a burgeoning budget deficit is doing little to calm jittery investors.
