Rodrigo Rato

Rodrigo de Rato y Figaredo (born 18 March 1949 in Madrid) is a former Spanish economy minister and was from May 2004 to October 2007, the Executive Director of the International Monetary Fund ( IMF).

Life

Rato studied economics in the United States and received his doctorate in this subject at the University Complutense of Madrid. Since the early 80s, he held leadership positions in the conservative Partido Popular (PP ) and in 1996 was its deputy secretary general. After the electoral victory of the PP under José María Aznar in March 1996 Rato was the second Deputy Prime Minister and Minister of Economy and Finance, and held that office until the election defeat of the Aznar government in Spain's general election on 14 March 2004.

On 4 May 2004, the 24köpfige Executive Board of the International Monetary Fund announced that it had decided to Rato as successor to Horst Köhler, Office of the Executive Director. On 28 June 2007 Rato announced to resign for personal reasons in October 2007. As the successor to the former French finance minister Dominique Strauss -Kahn was elected.

On 3 December 2010, he became CEO of Bankia, which was created on this day by a merger of Spanish savings banks. May 7, 2012 Rato has resigned from his post.

Awards

Swell

• Newspaper article in El Pais on 7 May 2010