Luis María Linde
69th Governor of the Bank of Spain
In office
11 June 2012 – 11 June 2018
Preceded byMiguel Ángel Fernández Ordóñez
Succeeded byPablo Hernández de Cos
Personal details
Born (1945-05-15) 15 May 1945
Madrid, Spain
Alma materComplutense University

Luis María Linde de Castro (born May 15, 1945 in Madrid) is a Spanish economist and civil servant who has served as governor of the Spanish Central Bank from 2012 until 2018.

Early life and education

Linde graduated with a degree in economic sciences from the Universidad Complutense de Madrid with top marks.[1]

Career

Linde was the trade attaché at the Spanish embassy in the Soviet Union and worked for the Ministry of Economy.[2] In 1983, he was appointed to the Banco de España.[3] Between 2005 and 2008 he was executive for Spain in the Inter-American Development Bank.[3]

On May 25, 2012 Linde succeeded Vicente Salas as a member of the governing council of the Banco de España.[4] A few days later Miguel Ángel Fernández Ordóñez resigned as chairman of the bank and Linde was appointed.[2][5] Another candidate for the post, who was favoured by the European Central Bank (ECB) and financial markets, was José Manuel González Paramo, a former member of the Executive Board of the ECB. Under the bank's statutes Linde will have to retire in three years when he turns 70, and will not therefore be able to complete a six-year term.[6]

Under Linde, who was named only two days before Spain requested a European bailout, the central bank came under fire for its handling of the banking crisis and maintained a neutral stance on economic policy.[7]

Due to the fact that Linde turned 70 halfway through his term of office in May 2015 and the Law of Autonomy of the Bank of Spain established the seventy years of age as a cause for dismissal,[8] the Government decided to remove that section and took the opportunity to eliminate the need for the terms of office of the Governor and Deputy Governor to be simultaneous so that the dismissal of the Governor will not necessarily imply the dismissal of the Deputy Governor.[9]

Other activities

International organizations

Non-profit organizations

Corporate boards

  • Compañía Española de Crédito a la Exportación (CESCE), Adviser to the Board of Directors (2009-2011)

References

  1. ↑ Linde, medio mandato para cumplir una ilusión frustrada El País.
  2. 1 2 "Luis María Linde, nombrado nuevo gobernador del Banco de España".
  3. 1 2 "Un gobernador que sea capaz de cambiar una rueda con el coche en marcha".
  4. ↑ "El Ejecutivo nombra a Linde como consejero del Banco de España".
  5. ↑ "El Rey felicita a Guindos y a Rajoy por el rescate europeo a la banca española".
  6. ↑ Andrés González (June 7, 2012), Linde named new Bank of Spain governor Reuters.
  7. ↑ Julien Toyer (May 28, 2018), Spain names Hernandez de Cos as new central bank chief Reuters.
  8. ↑ "BOE-A-1994-12553 Ley 13/1994, de 1 de junio, de Autonomía del Banco de España". www.boe.es. Retrieved 2023-05-31.
  9. ↑ Barrón, Íñigo de (2012-09-07). "Linde seguirá de gobernador del Banco de España hasta los 73 años". El País (in Spanish). ISSN 1134-6582. Retrieved 2023-05-31.
  10. ↑ Members International Monetary Fund (IMF).
  11. ↑ Luis Maria Linde Archived 2016-08-21 at the Wayback Machine International Economic Forum of the Americas.
  12. ↑ Board of Trustees Princess of Asturias Foundation.
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