Mariano Rubio

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Person.png Mariano Rubio  Rdf-entity.pngRdf-icon.png
(economist, central banker)
Mariano Rubio.jpg
Born14 November 1931
Died4 October 1999 (Age 67)
Madrid, Spain
Spouse • Carmen Posadas
• Isabel Azcárate
Criminal convictions
• fraud
• document forgery
Member ofDelors committee
Governor of the Bank of Spain. Attended Bilderberg/1986. Delors committee. Jailed for fraud in 1996.

Employment.png Governor of the Bank of Spain

In office
24 July 1984 - 24 July 1992

Mariano Rubio Jiménez was a Spanish economist and Governor of the Bank of Spain between 1984 and 1992.[1] He attended the1986 Bilderberg meeting and was part of the Delors committee preparing the creation of European monetary union. He was jailed for fraud in 1996.

Background and early career

A member of the University Socialist Association (ASU), during his student days he was arrested and imprisoned for his anti-Franco activities. He then went to Paris, where he remained as an official of the Organization for Economic Cooperation and Development (OECD). He returned to Spain in 1963, still under Franco rule, joining the Ministry of Finance, whose head at that time was Mariano Navarro Rubio, who in 1965 was appointed Supreme High Position of the financial institution of the Bank of Spain. Mariano Rubio then joins the financial institution as Deputy Director of the Department.

In 1970, while Alberto Monreal Luque was Minister of Finance, he was appointed General Director of Financial Policy, a position from which he resigned three months later. In 1973 he went on to direct the Enagás company.

Bank of Spain

In 1977 he was appointed Deputy Governor of the Bank of Spain, a position he held until 1984, the year in which he was appointed Governor of the Bank of Spain.[2] He was re-elected in 1988, [3] and held this position until July 1992. During his time at the head of the entity, he had to face the serious financial crisis that the country went through.

Ibercorp case

After some information revealed by the newspaper El Mundo in 1992[4], in which his involvement in a crime of fraud against the Treasury (Ibercorp Case) was denounced, he resigned from his position. In January 1995 he was charged with the crime of influence peddling.[5] A second case in which he was involved was the one known as the "Mariano Case" for having kept an opaque account for the Treasury, with some 130 million pesetas and under a false name. He says that it was managed by Manuel de la Concha himself, implicated in the Ibercorp case. On May 5, 1996, he entered prison for tax fraud and documentary falsification, from which he would be released on bail at the request of the Chief Prosecutor of Madrid Mariano Fernández Bermejo. He died in Madrid at the age of 67, a victim of colon cancer.[6] He was married to Isabel Azcárate for many years and later to the writer Carmen Posadas.[7]

In the words of the then co-president of Banco Santander Central Hispano Emilio Botín, published in El País in 1999, "thanks to his management, Spain went from a highly regulated and intervened banking system to one that was increasingly open and liberalized. This made possible the restructuring and modernization of our banking entities, and prepared them to compete internationally."[8]


Event Participated in

Bilderberg/198625 April 198627 April 1986Scotland
Gleneagles Hotel
The 34th Bilderberg, 109 participants