Luis de Guindos

Some of the key events about Luis de Guindos

• 1986

  Graduated with a degree in Economics from CUNEF (Colegio Universitario de Estudios Financieros)
• 1996

  Appointed Director General for Economic and Competitiveness Policy in Spain's Ministry of Economy
• 2002

  Became Secretary of State for Economic Affairs in the Spanish government
• 2006

  Joined Lehman Brothers as Executive Chairman for Spain and Portugal
• 2008

  Became Head of Financial Services at PricewaterhouseCoopers (PwC)
• 2011

  Appointed Minister of Economy and Competitiveness in Mariano Rajoy's government
• 2011

  Faced criticism for underestimating Spain's economic problems as Economy Minister
• 2012

  Successfully negotiated a €100 billion bailout for Spanish banks from the European Union
• 2012

  Oversaw controversial bank bailouts during Spain's financial crisis
• 2012

  Implemented unpopular austerity measures, including tax hikes and spending cuts
• 2013

  Accused of conflict of interest due to past ties with Lehman Brothers
• 2014

  Criticized for optimistic economic forecasts that failed to materialize
• 2016

  Reappointed as Minister of Economy, Industry and Competitiveness
• 2016

  Implicated in the "Panama Papers" leak for offshore financial activities
• 2018

  Elected Vice-President of the European Central Bank
• 2018

  Faced scrutiny over his role in Bankia's failed IPO while at the ECB
• 2020

  Criticized for ECB's slow response to the COVID-19 economic crisis
• 2021

  Accused of downplaying inflation risks in the Eurozone
• 2022

  Played a key role in the ECB's response to the economic challenges posed by the COVID-19 pandemic
• 2022

  Faced backlash for suggesting workers should not seek pay rises amid high inflation

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