Monday, September 29, 2014

The minister who managed to liberalize the economy stagnant – Online

The minister who managed to liberalize the economy stagnant – Online

was finance minister for only three years, but its management changed the Spanish economy forever. Miguel Boyer (1939, San Juan de Luz France ) will be remembered as the Superminister of Felipe González who expropriated the group RUMASA , a giant with feet of clay whose failure threatened the economy, and, above all, for being the man who took a country stuck and liberalized with the decree nicknamed his name.

Boyer was born on February 5, 1939 in San Juan de Luz, France, due to the exile of his family, Republican Azana. Two years later, in 1941, his grandfather was arrested by the Gestapo and delivered to the Spanish police, who had been sentenced to the death penalty.

Bachelor of Sciences Physical (1963) and Economics (1969) by Complutense University of Madrid , briefly worked as a physicist in the Nuclear Energy Board before entering the Research Department of the Bank of Spain in 1969.

The Economist joined the Spanish Socialist Workers Party (PSOE) in 1960 after the dictatorship he joined the Executive (1976) but left him for his Marxist doctrine and passed the Social Democratic Federation . I would return in 1977 to PSOE two years later abandon definitely Marx.

After a brief appointment as deputy for Jaen , was appointed director of Planning and Research National Institute of Hydrocarbons in 1981, a post he held for a year before being appointed minister in 1982.

Expropriation RUMASA

The first government of Felipe González had him as Minister of Economy, Finance and Trade from the December 2, 1982 to July 4, 1985.

Boyer ordered the expropriation of Rumasa group 1983 measure that caused the enmity of José María Ruiz-Mateos , who came to attack him in 1989 The Bee group was the largest conglomerate Spain , consisting of some 700 companies in sectors as diverse as banking, tourism, food, textiles, chemicals and real estate. However, only 250 were operational and cross-financing led government intervention on grounds of public utility and social interest.

Ruiz Mateos, moments before attacking Boyer

Constitutional Court has ruled in favor of the Government in five cases on the constitutionality of the decree expropriation. However, the Supreme acquitted in 1997 by Ruiz-Mateos RUMASA case .



Liberalization of the economy

Spain left dictatorship with high inflation, high unemployment rate and balance of payments dependent on outside.

The reforms undertaken by Boyer clashed with members of the PSOE, including some ministers like Joaquín Almunia Enrique Baron and vice Alfonso Guerra , because they were totally different from those in the electoral program of the party.

His first achievements were balance the balance of payments surplus of 2,500 million in 1984 and a reduction in inflation from 14% to 9% through a restrictive monetary policy.

However, the economist deepened its reforms in 1985, when he announced the famous decree Boyer and Tenancies Act , laws with which liberalized trading hours and foreign investment, allowed the leases may be temporary in rather than lifetime, reduced indirect taxes and allowed households could become commercial regardless qualification of urban planning, among other measures.

Boyer always had the support of the Head of Government Felipe González. However, he did not repeat as a minister in the reshuffle Executive July 1985 and his place was taken by Carlos Solchaga .

Boyer always had the support of Felipe González, but did not repeat as minister

A supporter of privatization of public sector goods and services, Boyer publicly supported economic program José María Aznar, presidential candidate of the PP Government in March 1996 general This led him to ask the floor of the PSOE, as said not feel socialist several years ago.

2002, he was appointed to the board of the Fundación FAES , merging the different foundations of the Popular Party, proposed by the PP president, José María Aznar.

The former minister was appointed chairman of Banco Exterior de Spain in 1985 to replace Francisco Fernández Ordóñez . While in this position, and after the meeting of Hanover European Council June 1988, he was appointed by Jacques Delors to join the committee of experts for the Study of Economic and Monetary Union .

In the 90s, went into private business. After separation of the sisters Koplowitz of their husbands, in 1990 he became president and CEO position of Grucycsa , whose renovation would result in Promotion Building and Contractors (FCC) .

Boyer was also president of the Company Logistics Oil (CLH), the former Campsa (1999); adviser Urbis (2006) Spanish Formula 1 team Hispania Racing Team (2010).

Miguel Boyer married Isabel Preysler Arrastria on January 2, 1988, marriage was born Ana (April 18, 1989). It also has a child ( Michael ) and a daughter from his first wife, gynecologist Elena Arnedo , with whom he married on June 26, 1964 and that divorced in 1985.

LikeTweet

No comments:

Post a Comment