Pedro Solbes

Pedro Solbes Mira ( born August 31, 1942 in Alicante ) is a Spanish politician. 2004 to 2009 he was Economics and Finance, as well as second deputy prime minister in the Cabinet Zapatero. Solbes is no party, but is close to the PSOE.

Curriculum vitae

Solbes studied political science in Alicante and law at the Complutense University of Madrid.

Solbes was a member of the Spanish negotiating group to Spain joined the European Community. In 1985 he was Minister of State for European Affairs in the government of Felipe González, 1991 Minister of Agriculture and Minister of Economy in 1993 (until 1996 ).

In September 1999, he joined as a Spanish representative of the European Commission Romano Prodi as the Commissioner for Economic and Monetary Affairs. After the Spanish parliamentary elections on 14 March 2004, he was appointed by Prime Minister José Luis Rodríguez Zapatero for the second Deputy Prime Minister and the "super minister" of Economy and Finance.

Despite some economic policy disagreements between the more liberal Solbes and Zapatero's economic adviser Miguel Sebastián, which represents more Keynesian positions itself Solbes agreed on Zapatero's request to another term after re- election victory of the PSOE in the Spanish general elections, 2008. During the campaign, he scored on a television debate in which he with the shadow Minister for Economic Affairs of the conservative PP, Manuel Pizarro Moreno, according to surveys clearly struck on 21 February 2008. After the elections Solbes was confirmed in his office, but had to accept that Miguel Sebastián has been appointed as the new Minister of Commerce and Industry.

In the following months, Spain has been hit hard by the global financial and economic crisis. Although the Spanish banking system itself proved to be very solid, the unemployment rate increased due to the collapsing housing market by leaps and bounds. The Spanish government responded with a far-reaching international comparison stimulus program, yet their inaction was accused in the Spanish public. In particular Solbes, the first publicly einschätzte the extent of the crisis as rather low and later early warned of too much debt, was criticized. On April 7, 2009, Zapatero announced as part of an extensive reshuffle to its replacement by Elena Salgado, who had previously directed the Ministry of Public Administration.