Carlos Solchaga facts for kids
Quick facts for kids
Carlos Solchaga
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|---|---|
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| Minister of Economy and Finance | |
| In office July 1985 – 1993 |
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| Prime Minister | Felipe González |
| Preceded by | Miguel Boyer |
| Succeeded by | Pedro Solbes |
| Minister of Industry and Energy | |
| In office 1982 – July 1985 |
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| Prime Minister | Felipe González |
| Personal details | |
| Born |
Carlos Solchaga Catalán
28 March 1944 Tafalla (Navarre), Spain |
| Political party | Socialist Party (Until 1994) |
| Alma mater |
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Carlos Solchaga (born 28 March 1944) is a Spanish economist and politician. He held important jobs in the Spanish government.
Contents
Early Life and Education
Carlos Solchaga was born in Tafalla, Spain, in 1944. He studied economics and business. He earned his first degree from Complutense University of Madrid in 1966. Later, he got a master's degree from the Massachusetts Institute of Technology in 1971.
Career Highlights
Carlos Solchaga started his career at the Bank of Spain. From 1976 to 1979, he worked as an economic advisor at Banco de Vizcaya. He then served as a trade minister for the Basque government from 1979 to 1980.
Time in Parliament
Solchaga was a member of the Spanish Parliament from 1980 to 1995. He represented the Navarre Province. He was part of the Socialist Party. He helped create the party's economic plans.
Government Minister Roles
His first job as a minister was for industry and energy. He held this role from 1982 to 1985. This was during the first government of Felipe González, who was the Prime Minister.
In July 1985, Solchaga became the Minister of Economy and Finance. He took over from Miguel Boyer. He continued in this important role until 1993.
Leaving Government
Carlos Solchaga left his government job in July 1993. This happened because of a problem involving the governor of the Bank of Spain. Pedro Solbes then became the new finance minister.
After leaving his ministerial post, Solchaga became the leader of his party in Parliament. However, he slowly became less involved in the party's main decisions. In 1994, he left the Socialist Party.
International Work
In 1991, Solchaga was chosen to be the chairman of a special committee for the International Monetary Fund. This is an international organization that helps countries with their money matters. His term ended in September 1993. Philippe Maystadt, the finance minister of Belgium, took over from him.
Work in Private Companies
After his time in government, Solchaga started working in the private sector. Since 1999, he has been an international consultant for Solchaga and Recio Asociados. He is also the chairman of the Euroamerica Foundation. He is the vice-chairman of the Reina Sofia National Museum. He also serves on the boards of several other organizations.
Economic Ideas
When Carlos Solchaga and his predecessor, Miguel Boyer, were in government, they focused on certain economic ideas. They wanted to control how much money was in circulation. Their main goal was to reduce inflation, which means keeping prices from rising too quickly. This approach helped keep interest rates high and the currency strong.
They also had different ideas from Alfonso Guerra, who was the deputy prime minister. Solchaga and Boyer believed that controlling money supply was very important for the economy.
