Luis de Guindos
 Luis de Guindos      (  politician, 40px central banker) | |||||||||||||||||||
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| Born | 16 January 1960 Madrid, Spain | ||||||||||||||||||
| Nationality | Spanish | ||||||||||||||||||
| Alma mater | University College of Financial Studies | ||||||||||||||||||
| Religion | Roman Catholic | ||||||||||||||||||
| Member of | Elcano Royal Institute | ||||||||||||||||||
| Interests | Opus Dei | ||||||||||||||||||
| Party | Independent | ||||||||||||||||||
Double Bilderberg Spanish bankster with revolving door to government, working to implement pro-EU "reforms". Vice-President of the European Central Bank in 2018. Member of Opus Dei.
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Luis de Guindos Jurado is a Spanish politician and civil servant with a revolving door to Lehman Brothers and Pricewaterhouse Coopers, who became Vice-President of the European Central Bank in 2018. He previously was Spain's Minister of Economy, Industry and Competitiveness from 2011 to 2018[1][2][3], when he attended the 2013 and 2017 Bilderberg meetings. He is a member of Opus Dei.[4]
Contents
Education
De Guindos was born in Madrid, Spain, on 16 January 1960. He is a Bachelor of Economics and Business at CUNEF University.[5]
Career
De Guindos was once the Managing Partner of Advisors AB, secretary of the magazine "Business Information Spanish", and advisor to the Secretary of State for Economy of Spain and Head of Technical Office of the General Secretariat of Commerce.
In late 1996, de Guindos was appointed General Director for Economic and Competitiveness. He sat on the board of Renfe between 1997 and 2000 and the Official Credit Institute from 2000 to 2002. In May 2000 was appointed Secretary in General for Economy, and State Industrial Holdings Company. He became Secretary of State for Economic Affairs under Minister for Economic Affairs Rodrigo Rato in the last government led by José María Aznar. In this capacity, he was in charge of overseeing Spain's entry into the eurozone.[6]
In 2006, de Guindos was appointed advisor for Lehman Brothers in Europe[7][8] and director of its subsidiary bank in Spain and Portugal, where he remained until the collapse and declaration of bankruptcy of the latter in 2008. Subsequently, de Guindos became responsible for the finance division of Pricewaterhouse Coopers. Finally, and in a largely ceremonial role, he was appointed as a professor of finance at the PwC and IE Financial Sector Center of IE Business School (Madrid), between 2010 and 2012, before joining as a minister.[9] He was also a board member of Endesa SA, a Spanish power company.[10]
From 2011, de Guindos worked for the board of Mare Nostrum Bank,[11] which was formed in 2010 from a merger of savings banks, until he resigned to become part of the government led by Mariano Rajoy in December of that year.
Minister of Economy and Competitiveness, 2011–2018
De Guindos moved back to government to become economy minister in Rajoy's government since it took office in December 2011. He played a crucial role in negotiating the European Union's €100 billion bailout of Spain's stricken savings banks, and in spearheading the country's "reforms" of the banking sector, labour market and other parts of the economy.[12] His implementation of a program of both structural reforms and austerity measures earned praise from Spain's European "partners" and the Organisation for Economic Co-operation and Development (OECD).[13]
In 2012, de Guindos and Rajoy initially blocked the appointment of Yves Mersch to succeed José Manuel González Paramo as member of the Executive Board of the European Central Bank, instead putting forward ECB General Counsel Antonio Sáinz de Vicuña y Barroso for the role.[14] At the time, analysts said that if Spain had nominated de Guindo's predecessor Elena Salgado for the board, she would have been a shoo-in instead of Mersch who was ultimately elected.[15]
In late 2015, de Guindos announced that Spain would have a budget deficit of less than 3 percent of GDP by 2016.[16] However, after the country missed its 2015 public deficit target of 4.2 percent during months of fruitless coalition talks following inconclusive national elections, Rajoy and de Guindos signaled they were open to asking the European Commission for flexibility on the target.[17] When the Commission eventually began formal disciplinary procedures against Spain and Portugal in 2016 for their excessive deficits in 2014 and 2015, de Guindos publicly promised that Spain would escape any sanctions from the European Union.[18]
When Spain's acting Industry Minister José Manuel Soria resigned in April 2016 following allegations of links to offshore dealings which emerged after he was named in the Panama Papers[CIA leak to help friends?], de Guindos took on Soria's brief alongside his other job.[19] De Guindos continued to be in charge of the newly expanded portfolio in the second Rajoy Government from November 2016 on.[20]
In 2017, de Guindos was widely seen as a natural successor to replace Jeroen Dijsselbloem as next chairman of the Eurogroup but he ruled himself out early in favour of an expected candidacy to become Vice-president of the European Central Bank.[21] After Ireland withdrew the candidacy of Philip Lane in February 2018, German Finance Minister Peter Altmaier was one of the first among to openly endorse de Guindos.[22]
In March 2018, De Guindos finally left his position as Minister. On 14 March 2018, a majority of the European Parliament endorsed him as new ECB Vice-president.[23]
Other connections
ELCANO – Royal Institute for International and Strategic Studies, Member of the Board of Trustees[24]
De Guindos, who is married with two children, is a practicing Roman Catholic. In September 2014, he attended the beatification of Alvaro del Portillo, one of the leaders of Opus Dei movement.[25]
Events Participated in
| Event | Start | End | Location(s) | Description |
|---|---|---|---|---|
| Bilderberg/2013 | 6 June 2013 | 9 June 2013 | Watford UK | The 2013 Bilderberg group meeting. |
| Bilderberg/2017 | 1 June 2017 | 4 June 2017 | US Virginia Chantilly | The 65th Bilderberg Meeting |
References
- ↑ https://www.bloomberg.com/news/2012-04-27/spain-not-under-pressure-to-seek-bank-bailout-de-guindos-says.html
- ↑ http://www.minhap.gob.es/Documentacion/Publico/GabineteMinistro/Notas%20Prensa/2003/SEE/08-10-03%20Guindos%20cuadro%20macroeconomico.pdf
- ↑ http://www.washingtontimes.com/news/2012/jun/9/spain-could-ask-bank-bailout-weekend/
- ↑ https://www.publico.es/sociedad/74-rostros-influyentes-opus-dei.html
- ↑ Empresa (EOC) insider: Luis Jurado Retrieved June 10, 2012
- ↑ Nicholas Hirst (October 2, 2014), Luis de Guindos: reform champion European Voice.
- ↑ https://www.bbc.co.uk/news/world-europe-16295059
- ↑ http://www.rte.ie/news/2011/1221/spain-business.html
- ↑ http://economia.elpais.com/economia/2010/02/02/actualidad/1265099590_850215.html
- ↑ https://www.bloomberg.com/news/articles/2011-12-21/spanish-premier-rajoy-appoints-montoro-de-guindos-to-economy-ministries
- ↑ https://archive.today/20130118135835/http://investing.businessweek.com/research/stocks/private/person.asp?personId=118467589&privcapId=118466736&previousCapId=118466736&previousTitle=Banco%20Mare%20Nostrum,%20S.A.
- ↑ Tobias Buck and Peter Spiegel (June 9, 2015), De Guindos fights for eurogroup job, with Spanish pride at stake Financial Times.
- ↑ Nicholas Hirst (October 2, 2014), Luis de Guindos: reform champion European Voice.
- ↑ Andrew Gardner (November 22, 2013), Mersch appointed to ECB European Voice.
- ↑ Claire Davenport (November 5, 2012), Spain opposes appointment of Yves Mersch to ECB Reuters.
- ↑ Gernot Heller (September 1, 2015), Spain is best example that Europe is doing things right: Schaeuble Reuters.
- ↑ Rodrigo de Miguel and Sarah White (February 12, 2016), Spain likely missed deficit goal in 2015: economy minister Reuters.
- ↑ Jesus Aguado (July 7, 2016), Spain says will escape EU deficit sanction, set new fiscal path Reuters.
- ↑ Paul Day (April 15, 2016), Spanish minister resigns after links to offshore deals alleged Reuters.
- ↑ Adrian Croft and Jesús Aguado (November 4, 2016), Cabinet reshaped by Spain's Rajoy draws strong opposition criticism Reuters.
- ↑ Mehreen Khan (December 5, 2017), The Eurogroup’s revolution is on hold Financial Times.
- ↑ Maria Tadeo and Carolynn Look (February 19, 2018), Spain Secures ECB for Guindos After Long Campaign to Regain Seat Bloomberg News.
- ↑ http://www.europarl.europa.eu: Parliament endorses Luis de Guindos as new ECB Vice-President
- ↑ Board of Trustees ELCANO – Royal Institute for International and Strategic Studies.
- ↑ https://www.publico.es/sociedad/74-rostros-influyentes-opus-dei.html
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