Mariano Rubio (14 November 1931–4 October 1999) was a Spanish economist who served as the governor of Bank of Spain in the period 1984–1992. He involved in a scandal known as Ibercorp incident and was forced to resign from the office.

Early life and education

Rubio was born in

Burgos Burgos () is a city in Spain located in the autonomous community of Castile and León. It is the capital and most populated municipality of the province of Burgos. Burgos is situated in the north of the Iberian Peninsula, on the confluence of t ...

on 14 November 1931. He studied law, but he did not complete his studies. He later graduated from the University of Madrid receiving a bachelor's degree in economics. During his undergraduate studies he was part of the University Socialist Association and arrested due to his anti-Francoist activities.

Career

Following his release from the prison Rubio left Spain for Paris where he worked at the Organization for Economic Cooperation and Development. He returned to Spain in 1963 and began to work at the treasury. In 1965 he was appointed deputy director of the research department of the Bank of Spain. Ángel Madroñero, the head of the department, was instrumental in his appointment. In 1970 he became general director of financial policy department of the ministry of finance, and remained in the office until 1972 when he resigned. Next year he was named the head of

Enagás Enagás, S.A. (, originally an initialism for ) is a Spanish energy company and European transmission system operator (TSO), which owns and operates the nation's gas grid. The firm also owns four liquefied natural gas regasification terminal ...

company. Between 1977 and 1984 he was deputy governor of the Bank of Spain. In July 1984 he succeeded J. R. Álvarez Rendueles as governor of the bank. Rubio's appointment was supported by the Economy Minister

Carlos Solchaga Carlos Solchaga (born 28 March 1944) is a Spanish people, Spanish economist, businessman and politician, who served in different capacities at various Spanish cabinets. Early life and education Solchaga was born in Tafalla in 1944. He holds a b ...

. In July 1992 Rubio had to resign from the office due to his involvement in a scandal known as Ibercorp case and was replaced by Luis Angel Rojo in the post. Rubio was accused of employing some confidential information to gain dividends in the stock market. During his tenure as governor of the bank Spanish credit market was radically transformed and became much more liberal than the previous periods.

Later years, personal life and death

Following the Ibercorp case Carlos Solchaga resigned from the office.

Miguel Boyer Miguel Boyer (5 February 1939 – 29 September 2014) was a Spanish economist and politician, who served as minister of economy, treasury and commerce from 1982 to 1985. Early life and education Boyer was born in St. Jean de Luz, France, on 5 F ...

also implicated in the case, and both Boyer and Rubio in addition to others, including their wives, were taken to the court. Rubio arrested and jailed due to his involvement in the scandal in 1994. Rubio married twice. He first married Isabel Azcárate. His second wife was Uruguay-born author Carmen Posadas with who he wed in January 1988. He died of

colon cancer Colorectal cancer (CRC), also known as bowel cancer, colon cancer, or rectal cancer, is the development of cancer from the colon or rectum (parts of the large intestine). Signs and symptoms may include blood in the stool, a change in bowel mo ...

in Madrid on 4 October 1999.

References

External links

* {{DEFAULTSORT:Rubio, Mariano 20th-century Spanish economists 1931 births 1999 deaths Deaths from colorectal cancer Deaths from cancer in Spain Governors of the Bank of Spain Spanish prisoners and detainees People from Burgos