Miguel Boyer | |
---|---|
![]() Miguel Boyer in 1983 | |
Minister of Economy, Treasury and Commerce | |
In office 1 December 1982 – 6 July 1985 | |
Prime Minister | Felipe González |
Preceded by | Jaime García Añoveros |
Succeeded by | Carlos Solchaga |
Personal details | |
Born | Miguel Boyer Salvador 5 February 1939 St. Jean de Luz, France |
Died | 29 September 2014 Madrid, Spain | (aged 75)
Nationality | Spanish |
Political party | Socialist Party |
Spouse(s) |
|
Children | 3 |
Alma mater | Complutense University of Madrid |
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.
Boyer was born in St. Jean de Luz, France, on 5 February 1939. [1] He was a graduate of the Universidad Complutense de Madrid where he studied economics. [2] He also received a degree in physics from the same university. [3]
Boyer worked at different banks and institutions. [4] He served as the director of planning for the Unión Explosivos Río Tinto and later as a senior economist at the Bank of Spain. [5] [6] He became the deputy director of the national industrial institute and then its director in 1974. [1] Next he worked at the state-owned hydrocarbons institute. [5] He was one of the Ibercorp shareholders. [7]
Boyer joined the Socialist Party as part of its social democrat wing in 1960. [1] [8] He helped Felipe González to form a faction in the party in the mid-1970s. [9] Boyer was a member of the Congress of Deputies, representing Jaén Province, and economic spokesperson of the party. [10] He and Carlos Solchaga were the architects of the party's economy policy. [4]
Boyer was appointed minister of economy, treasury and commerce to the first cabinet of Felipe González on 2 December 1982. [4] [11] In 1985, he developed a tax act that enabled people to avoid tax on saving interest if they invested in insurance accounts. [12] During his term he was regarded as the most powerful member of the cabinet. [13] [14] However, in a cabinet reshuffle in July 1985 Boyer was removed from office and was succeeded by Carlos Solchaga in the post. [13] [15] It was speculated that Boyer was forced to resign due to his clash with Deputy Prime Minister Alfonso Guerra. [13] [14] In addition, Boyer attempted to increase his power in the cabinet and demanded to assume the post of second vice prime minister, also leading to his forced resignation. [16]
Shortly after leaving office Boyer was named as the chief executive of the Banco Exterior de Espana and next of the investment company, Cartera Central. [17] In 1986, he was named as a member of the Abragam committee that oversaw the future structure of the CERN. [18] [19] Until 1999 he served as a senior manager at the Spanish construction group FCC. [20] From July 1999 to January 2005, he was the chairman of CLH, a Spanish fuel distribution company. [20] In May 2010, Boyer was appointed board member to the Hispania Racing Team. [21] He also assumed the post of finance director and advisor to the team. [22] On 20 May 2010, he was also named as the independent member of the board of directors of Red Electrica Corporacion SA. [3] In addition, he served as the head of Urbis. [23]
In February 1992, Boyer and Mariano Rubio, former governor of the Bank of Spain, were accused of fraud and share-price manipulation in relation to the Ibercorp. [7] [24] Boyer was not sentenced, but Rubio was sentenced to jail. [24]
In the 1970s, Boyer supported self-managing socialism. [25] However, later he became known for his orthodox, moderate and pragmatic approach to economy. [26] Despite being a member of the socialist government, he adopted neo-liberal views of economy when he was minister. [16] In addition, he and his successor Carlos Solchaga did not fit into the party's projected socialist mould. [27] They both implemented economic policies based the orthodox liberal ideas, and the social outcomes of these policies were largely neglected. [28] Their priority was to reduce inflation, using steps to control the money supply, which reinforced the high levels of interest and a strong currency. [27] Although Boyer's policy decreased the rate of inflation and government spending, Spain experienced the Europe's highest unemployment rate at about 20%. [29] Boyer also encouraged the economic integration of Spain into the European Union. [30]
Boyer divorced his first wife, gynecologist Elena Arnedo, to wed a socialite, Isabel Preysler, in 1987. [31] Boyer's first wife, Elena Arnedo, was the cousin of Leopoldo Calvo-Sotelo. [5] Isabel Preysler was the former spouse of the singer Julio Iglesias and Carlos Falcó, 5th Marquess of Griñón. [32] They had a daughter, Ana Boyer. [31] Boyer had also a son and a daughter with his first wife. [33] [34]
Boyer died of a pulmonary embolism after being admitted to the Ruber International Hospital in Madrid on 29 September 2014. [35] [36] He was 75. [36]
Miguel Boyer | |
---|---|
![]() Miguel Boyer in 1983 | |
Minister of Economy, Treasury and Commerce | |
In office 1 December 1982 – 6 July 1985 | |
Prime Minister | Felipe González |
Preceded by | Jaime García Añoveros |
Succeeded by | Carlos Solchaga |
Personal details | |
Born | Miguel Boyer Salvador 5 February 1939 St. Jean de Luz, France |
Died | 29 September 2014 Madrid, Spain | (aged 75)
Nationality | Spanish |
Political party | Socialist Party |
Spouse(s) |
|
Children | 3 |
Alma mater | Complutense University of Madrid |
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.
Boyer was born in St. Jean de Luz, France, on 5 February 1939. [1] He was a graduate of the Universidad Complutense de Madrid where he studied economics. [2] He also received a degree in physics from the same university. [3]
Boyer worked at different banks and institutions. [4] He served as the director of planning for the Unión Explosivos Río Tinto and later as a senior economist at the Bank of Spain. [5] [6] He became the deputy director of the national industrial institute and then its director in 1974. [1] Next he worked at the state-owned hydrocarbons institute. [5] He was one of the Ibercorp shareholders. [7]
Boyer joined the Socialist Party as part of its social democrat wing in 1960. [1] [8] He helped Felipe González to form a faction in the party in the mid-1970s. [9] Boyer was a member of the Congress of Deputies, representing Jaén Province, and economic spokesperson of the party. [10] He and Carlos Solchaga were the architects of the party's economy policy. [4]
Boyer was appointed minister of economy, treasury and commerce to the first cabinet of Felipe González on 2 December 1982. [4] [11] In 1985, he developed a tax act that enabled people to avoid tax on saving interest if they invested in insurance accounts. [12] During his term he was regarded as the most powerful member of the cabinet. [13] [14] However, in a cabinet reshuffle in July 1985 Boyer was removed from office and was succeeded by Carlos Solchaga in the post. [13] [15] It was speculated that Boyer was forced to resign due to his clash with Deputy Prime Minister Alfonso Guerra. [13] [14] In addition, Boyer attempted to increase his power in the cabinet and demanded to assume the post of second vice prime minister, also leading to his forced resignation. [16]
Shortly after leaving office Boyer was named as the chief executive of the Banco Exterior de Espana and next of the investment company, Cartera Central. [17] In 1986, he was named as a member of the Abragam committee that oversaw the future structure of the CERN. [18] [19] Until 1999 he served as a senior manager at the Spanish construction group FCC. [20] From July 1999 to January 2005, he was the chairman of CLH, a Spanish fuel distribution company. [20] In May 2010, Boyer was appointed board member to the Hispania Racing Team. [21] He also assumed the post of finance director and advisor to the team. [22] On 20 May 2010, he was also named as the independent member of the board of directors of Red Electrica Corporacion SA. [3] In addition, he served as the head of Urbis. [23]
In February 1992, Boyer and Mariano Rubio, former governor of the Bank of Spain, were accused of fraud and share-price manipulation in relation to the Ibercorp. [7] [24] Boyer was not sentenced, but Rubio was sentenced to jail. [24]
In the 1970s, Boyer supported self-managing socialism. [25] However, later he became known for his orthodox, moderate and pragmatic approach to economy. [26] Despite being a member of the socialist government, he adopted neo-liberal views of economy when he was minister. [16] In addition, he and his successor Carlos Solchaga did not fit into the party's projected socialist mould. [27] They both implemented economic policies based the orthodox liberal ideas, and the social outcomes of these policies were largely neglected. [28] Their priority was to reduce inflation, using steps to control the money supply, which reinforced the high levels of interest and a strong currency. [27] Although Boyer's policy decreased the rate of inflation and government spending, Spain experienced the Europe's highest unemployment rate at about 20%. [29] Boyer also encouraged the economic integration of Spain into the European Union. [30]
Boyer divorced his first wife, gynecologist Elena Arnedo, to wed a socialite, Isabel Preysler, in 1987. [31] Boyer's first wife, Elena Arnedo, was the cousin of Leopoldo Calvo-Sotelo. [5] Isabel Preysler was the former spouse of the singer Julio Iglesias and Carlos Falcó, 5th Marquess of Griñón. [32] They had a daughter, Ana Boyer. [31] Boyer had also a son and a daughter with his first wife. [33] [34]
Boyer died of a pulmonary embolism after being admitted to the Ruber International Hospital in Madrid on 29 September 2014. [35] [36] He was 75. [36]