Born in Madrid (Spain), on the 9th of July 1941
Married to Michèle Barbé, a French Anthropologist, Sociologist and Painter and Sculptor
Two daughters: Valerie and Anne Sophie and three grand sons: Guillermo, Santiago and Eugenia.
EDUCATION AND TRAINING
Primary and Secondary school at "El Pilar" School, Madrid (1948-1958)
Law at the Universidad Complutense, Madrid (1959-1963)
Economics at Universidad Complutense, Madrid (1964-1967)
Government Economist, since 1968
Banco de España (Central Bank) economist, since 1980
Languages: Fluent in English and French and working knowledge in Italian and Portuguese.
PROFESSIONAL CAREER IN THE GOVERNMENT SECTOR
Price Policy Analyst at the Ministry of Commerce (1968)
Adviser to the Second Development Plan (1968)
Acting Vice President of the FORPPA (Agriculture) (1969)
Economic and Commercial Counsellor of the Spanish Embassy in South Africa, as well as in Angola, Mozambique, Madagascar and Zimbabwe (1971-1975)
Director of the Foreign Trade Information Centre at the Ministry of Commerce (1976-1977)
Director General at Ministry of Commerce (1977-1978)
Secretary General at the Ministry of Industry and Energy (1978-1980)
Managing Director of Foreign Currency Assets Management and International Relations at the Bank of Spain (1980-1982)
Deputy Secretary of Commerce at the Ministry of Economy and Finance (1982-1986)
Secretary of State of Economy and Finance and Secretary of the Special Council of Ministers for Economic Affairs (1986-1988)
Member of the “113 Committee for Trade” of the EEC, (1982-1986)
Member of the “EEC Council of Ministers of Economy and Finance, (ECOFIN) (1986-1988)
Member of the OECD Council of Ministers, (1986-1988)
Deputy Governor of the International Monetary Fund and of the World Bank, (several years)
Governor of the Inter American Development Bank, Asian Development Bank and African Development Bank (several years)
Director at the Boards of the following Government owned companies and Institutions: INI (Industrial Holding), INH (Energy Holding), Tabacalera (Tobacco holding), Iberia (Airlines), RENFE (Railways), ICO (Government Financial Agency), Banco Exterior de España (Banking), SKF (Ball Bearings) and Crédito y Caución (Insurance) (in different years from 1978 to 1988)
PROFESSIONAL CAREER IN THE PRIVATE SECTOR
Chief Executive Officer of Banco Pastor (1988 to 1995) - (Banking)
Chairman of Gas Madrid (1988 to1991) - (Energy)
Chairman of Pastor-Alliance (1989 to 1993) - (Pension Management)
Chairman of Fondos Galicia (1990 to 2000) - (Private Equity)
Vice Chairman of Hullas de Coto Cortes (1990 to 2000) - (Mining)
Director of Cubiertas y MZOV (1988 to 1990) - (Building and Construction)
Director of Ibersuizas (1990 to 1993) - (Private Equity Investment)
Chairman of Plus Ultra (1999 to 2002) (Insurance)
Director of Telepizza (1999 to 2006)
Member of the European Advisory Board of Coca Cola (2004 to 2006)
Independent Director of Union Fenosa, (Electric Utility) (1988 to 2007)
Independent Director of AVIVA PLC (Insurance) (1999 to 2008)
PRESENT POSITIONS
A) In the private sector
International Advisor, Goldman Sachs & Co. (Investment Banking) since 1988
Independent Director and member of the Executive Committee of Santander Group (Commercial Banking) since 2002
Vice Chairman and independent director of Amadeus IT Holding (IT) since 2010
Chairman of Aviva Corporación in Spain (Insurance) since 2002
Independent Director of Campofrío Food Group CFG, (Meat Products) since 1997
Member of the European Advisory Board of Eli Lilly (Pharma), since 2000
B) In non-profit corporations and organizations
First, Chairman and later Honorary Chairman of the High Council of Chambers of Commerce Industry and Navigation of Spain, since 1991
Member of the Executive Board of the International Chamber of Commerce (ICC) in Paris and Chairman of its Finance Committee
Chairman of the Trustees of the Reina Sofía Museum of Contemporary Art
Trustee of the Prado Museum
Trustee of the Círculo de Bellas Artes
Chairman of Financieros sin Fronteras
Trustee of the Germán Sanchez Ruipérez Foundation
Trustee of the Eli Lilly Foundation in Spain
Trustee of the Empresa y Crecimiento Foundation
Member of the Social Council of Farmaindustria
C) Academic activities
Chairman of the Centre for Economic Policy Research (CEPR) in London, since 1999, Previously, Vice-Chairman since 1993
Chairman of the Board of the IE Business School, Madrid, since 2002
Chairman of the “Observatorio del Banco Central Europeo” (OBCE), European Central Bank “Watcher”, Madrid, Since 1999
Chairman of NEREC, Network of Economic Research on Electronic Communications, Madrid, since 2007
Member of the "Group of Thirty" G30 in Washington, since 1989 and previously also a Trustee
Member of the Palais Royal Initiative, 2011
Member of the Bretton Woods Commitee, in Washington, since 1995
Member of the Euro 50 Group, in Brussels, since 2000
Monetary Expert of the Economic and Monetary Committee of the European Parliament, since 2001
Member of the Advisory Board to the “Instituto de Estudios Europeos”, Madrid, since 1999
Member of the Advisory Board of the FRIDE Foundation, since 2002
Member of the International Advisory Board of CREI, Pompeu Fabra University, Barcelona, since 1999
Member of the Advisory Board of the ESCP-EAP Business School, Paris, since 2001
Member of the Advisory Board of “Foreign Policy” in Spanish
Member of the Editorial Board of “Información Commercial Española”
Member of the Scientific Board of “Instituto Elcano”
Member of the International Academy of Management, Cambridge M.A., since 1999
Member of the American and the European Economic Associations, since 1998
D) Publications
1) Author of 8 books on Economics Published in Spanish:
“La Financiación de Infraestructuras por Medios Extra-Presupuestarios” (Consejo Superior de Cámaras de Comercio, 1992)
“El reto de la Unión Económica y Monetaria” (Instituto de Estudios Económicos, Fundación Pedro Barrié 1998)
“Lecturas de Política Económica” (Instituto de Estudios Económicos, Fundación Pedro Barrié 1999)
“Comprender la Globalización” (Alianza Editorial, 2000 y 2007)
“Globalización, Desigualdad y Pobreza” (Alianza Editorial, 2003)
“Quo Vadis Europa?” (Alianza Editorial, 2004)
“Comprender la Inmigración” (Alianza Editorial, 2008)
“La Primera Gran Crisis Financiera del Siglo XXI” (Alianza Editorial, 2009)
2) Author of 4 books on Economics published in English:
“Winners and Losers in Globalization” (Blackwell Publishing, 2005)
“Europe at the Crossroads” (McGraw-Hill, 2005)
“What do you need to know about Globalization? Issues of poverty and Inequality”
(Blackwell Publishing, November 2007)
“Globalization of Labour and Migration” Forthcoming
3) Author of one book published in Chinese “Winners and losers in globalization”
(Peking University Press, 2008)
4) Author of 2 books not published:
“The Political Economy of Apartheid” 1975
“EconomicTrends and Issues for the XXI Century” 1999
5) Author of 5 Occasional Papers of the Group of Thirty G30
“Privatization in Eastern and Central Europe”, No.34
“Venture capital in the United States and in Europe”, No. 65
“Is it possible to preserve the European social model?” No.69
“Nine common misconceptions about competitiveness”, No. 73
“Twelve market and government failures leading to the 2008-2009 financial crisis”, No.80
6) Coauthor of 2 Occasional Papers of the Group of Thirty G30
“EMU and the regions” with Paul Krugman, No.34
“EMU prospects” with Peter Kenen, No. 50
7) Co-author of 20 books published in Spanish:
“España 1999” (Temas de Hoy, 1990)
“Política Industrial: Teoría y Práctica”, (Economistas, 1992)
“Europa y la Competitividad de la Economía Española” (Ariel, 1992)
“El FMI, el Banco Mundial y la Economía Española”, (Pirámide, 1994)
“España y la Unificación Monetaria Europea: una Reflexión Crítica”, (Abacus, 1994)
“Crecimiento Económico y Empleo” (Editorial Ramón Areces, 1995)
“La Volatilidad de los Flujos de capital”, (Banco Interamericano de Desarrollo, 1996)
“Qué es la Economía” (Pirámide, 1997) “
“El Estado de Bienestar a Examen: un Reto para el Sector Privado”, (Circulo de Empresarios, 1997)
“Realidad Brasileña” (Casa do Brasil, 1998)
“El Mercado de Trabajo en España” (Instituto de Estudios Económicos, 1999)
“Nuevas Fronteras de la Política Económica” (CREI, Pompeu Fabra University, 2000)
“Dos milenios en la Historia de España”, (España, Nuevo Milenio, 2001)
“Economía Mundial y Globalización”, (Minerva Ediciones, 2002)
“Las Incertidumbres de un Mundo en Mutación” (Deusto University, 2002)
“El Día de Europa”, (Universidad de Comillas, 2004)
“El Modelo Económico de Nestlé”, (Nestlé, 2005)
“La financiación de Infraestructuras” (Price-Waterhouse-Coopers, 2005)
“España: Marca y Cultura” (AMRE, 2005)
“El empleo en su contexto económico y social” (FAFFE, 2008)
8) Co-author of 14 books on Economics published in English:
“Spain and the United States” (Tufts University, 1983)
“External Debt Management“, (IMF, 1985)
“Hungary in Transformation to Freedom and Prosperity” (Hudson Institute, 1990)
“Liberalizing Foreign Trade” (Blackwell, 1991)
“Trade Reform” (International Centre for Economic Growth, 1991)
“Handbook of National Trade Policies” (Greenwood, 1992)
“Finding a Common Ground” (Voyageur Publishing, 1992)
“The Monetary Future of Europe”, (CEPR, 1993)
“Finance and Development: Issues and Experience” (CEPR and Cambridge University Press, 1993)
“The Political Economy of Policy Reform” (Institute of International Economics, 1994)
“Unemployment Policies” (CEPR and Cambridge University Press, 1997)
“Globalization and Stable Financial Markets”, (Banca Nazionale del Lavoro, 1998)
“Conflict and Cooperation in Transatlantic Relations” (Center for Transatlantic Relations, 2004)
“Engineering a High-Tech Business”, SPIE Press, Bellingham WA 2008)
9) Coauthor of a book published in Portuguese:
“A Transiçao que deu certo” (Trajetoria, Sao Paulo, 1989)
Coauthor of a book published in Hungarian: “Külgazdasági Liberalizálas” (Kopint-Datorg, 1991)
Coauthor of a book published in French: “L`Art de la Croissance” (Les Echos, 2007)
10) Author of over 100 articles and papers published in economic journals: (Información Comercial Española, Papeles de Economía Española, Moneda y Crédito, Coyuntura Económica, Estudios Económicos, Cuadernos de Economía ICE, Economistas, Revista de Economía, Economía Industrial, Revista de Economía Mundial, Revista Galega de Economía, Económicas y Empresariales, Harvard-Deusto, Boletín de Estudios Económicos de Deusto, Barcelona Management Review, Libro Marrón del Círculo de Empresarios, Claves de la Economía Mundial, Revista de Occidente, Claves de la Razón Práctica, Papers of the Group of Thirty (6), Revue d’ Economie Financiére and The Economist Intelligence Unit.
11) Author of more than 300 hundred articles in newspapers.
A regular economics columnist at “El País” in Madrid
An occasional columnist at: "Reforma" in México DF, "La Nación" in Buenos Aires and
"Gazeta Mercantil" in Sao Paulo and El Nacional in Caracas
An occasional columnist at economic newspapers: “Expansion”, “Cinco Días” and “La Gaceta”, in Madrid, as well as the “Financial Times” and “The Economist”, in London and “Les Echos” In Paris
Permanent Member of 3 Blogs on Economic issues: FT Economist Forum (Financial Times), VOX EU (CEPR) and El País
Other previous academic activities
Advisor on External Debt Management at the International Monetary Fund (1980-1982)
Trade Liberalization Advisor to the World Bank (1983-1986).
Advisor to the Governments of Brazil, Poland and the Soviet Union (1989-1992) and of Canada (2000)
Member of the "Blue Ribbon Commission", Hungary (1988-1990)
President of the Instituto de Estudios Económicos de Galicia (1994-2006)
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