HOMEMASS MEDIAXavier in the NewsBloomberg: "Why Rato Smiles After Spanish Banks Proved No Amusing Failure"
03 December 2010
Bloomberg: "Why Rato Smiles After Spanish Banks Proved No Amusing Failure"
Mass media - News Sala i Martín
Bloomberg
  
 

To shore up the Spanish banking system, Caja Madrid Chairman Rodrigo Rato may offload a stake in a water ride inspired by the Greek god Triton, a restaurant modeled after a Roman villa and an Egyptian-themed fun house called the Piramide del Terror. [...]

“He didn’t do enough to improve competitiveness,” says Xavier Sala-i-Martin, a Columbia University economics professor who served with Rato on a Spanish industry commission for pension reform. “When the crisis came, the country didn’t have a substitute for construction and tourism, and that is at least partly his fault.” [...]

Link to the whole article

Search

Banner

twitter