Given Rodrigo Rato’s previous form and his current predicament, the news that Telefónica has appointed him to the advisory boards of its European and Latin American businesses raises new concerns about transparency and corporate governance in Spain. Rato - who has also served as head of the International Monetary Fund and as Spain's economy minister - will help "reinforce the global vision of Telefónica", the country's largest telecommunications company said after announcing the appointment on January 4. Readers will remember that it was Rato who oversaw the privatisation of Telefónica back in 1997. Rato’s hiring by Telefónica comes less than a month after he was summoned before a … [Read more...] about Rodrigo Rato: exiting through the revolving door
Rodrigo Rato
Aznar lets his hair down
Question: who works for Rupert Murdoch, leads a prestigious think-tank, is an accomplished long-distance runner and learned to speak fluent English in his early fifties? Answer: José María Aznar, prime minister of Spain between 1996 and 2004. The above description is highly selective, of course, but it gives an idea of the man we are talking about – probably just the kind of idea Aznar himself would like us to have of him: an active figure on the right-leaning world stage whose discipline and motivation have given him influence and a well-honed body. Aznar, 57, has become something of a fetish figure for many on the Spanish right, and with good reason. He governed for two … [Read more...] about Aznar lets his hair down
The mystery of Rajoy and the Spanish economy
“I know about economics. I’m not an economist but I know about economics and I have aides whom I consult.” This comment, made during a recent television interview, is not very reassuring coming from a man who aspires to become Spain’s prime minister in the near future. But then Mariano Rajoy is rarely unequivocal in his handling of the conservative Popular Party (PP) he leads. According to many, his reluctance to be clear-cut and firm is typical of the ambiguous Galician character. One obvious example is Rajoy’s management of the ongoing corruption scandal rocking his party. The lack of a clear policy on this has meant that some PP politicians facing investigation for the Gürtel … [Read more...] about The mystery of Rajoy and the Spanish economy