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03 December 2010 |
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Bloomberg: "Why Rato Smiles After Spanish Banks Proved No Amusing Failure"
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Mass media -
News Sala i Martín
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Bloomberg
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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.” [...]
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