May 10, 2021

Rato: "I want Rajoy to shoot me" | Economy

Rato: "I want Rajoy to shoot me" | Economy



The former president of Bankia, Rodrigo Rato, during his testimony at the Bankia trial.

Rodrigo Rato said this Wednesday in the oral trial that was the then Prime Minister, Mariano Rajoy, who threw him out of the Bankia presidency. He added that it was an "absolutely political intervention".

The fate of Rato is sealed at the meeting held on the afternoon of Sunday, May 6, 2012, the president of Bankia with the presidents of BBVA, Francisco González, the Santander Bank, Emilio Botín; and that of Caixabank, Isidro Fainé. The meeting takes place in the office of the Minister of Economy, Luis de Guindos, on Paseo de la Castellana.

Returning to Spain from a lightning trip to Florence, to attend an investor meeting organized by Union de Banques Suisses (UBS), Rato calls from his mobile phone, on his way home, to Finance Minister, Cristobal Montoro, one of your usual interlocutors. He explains that in a few hours, around eight o'clock in the afternoon, he will meet with De Guindos and the bankers. And he wants to know what's going on.

-Rodrigo, you are a collateral victim, says Montoro, Rato recalls, at the intersection of Avenida de América with María de Molina.

The president of Bankia already knows, then, what awaits him. In the conclave, the most aggressive is Francisco González, president of BBVA.

-You have to go because you're from the PP, he says.

Gonzalez, according to qualifies, believes that the PP government can not give the aid (according to the BBVA should reach 15,000 million euros) to a president who has been a relevant personality of that party. And that is still a member of it. The three bankers and De Guindos lower their thumbs. In an aside, at the end of the meeting, De Guindos and Rato address the steps of his departure. But Rato does not accept the authority of his former subordinate in the Ministry of Economy. He decides to call Rajoy. This is the story – more precise than his statement yesterday – that has given me and that I reproduce in The Black Book how the Bank of Spain failed the citizens.

"I'm going to see Rajoy because I want Rajoy to shoot me. I mean, Luis de Guindos will not take me away. A little, the truth, I force Rajoy to receive me. And he says yes, that he goes in the morning of Monday, May 7 to La Moncloa. I knew that Rajoy was not going to open his face. I tell Mariano: 'Luis told me to leave.' He did not answer me in a concrete way, but because of the sounds of his voice and his attitude, well, it was clear that he was throwing me out. I wanted that, that Rajoy would certify me. I had not trusted Luis for a long time. What he did not want was for him to say to Rajoy: `Look, Rodrigo has wanted to go. ' I wanted it to be clear that the government was throwing me out. "

Rato has pointed out in the trial that it has been a "political intervention". It is true. Because the Bank of Spain does not dismiss him and his board of directors in application of the Discipline Law. But it is also true that it was Rajoy who raised him, in the fight against Esperanza Aguirre and his candidate Ignacio González, to the presidency of Caja Madrid on January 28, 2010. And the same thing would have been his political intervention without the meeting that he held with Rajoy on Monday, May 7, 2012.

But all this process has a consequence that does not stop having its crumb. It is Rato who on Wednesday, May 9, 2012 proposes to the board of directors of Bankia the appointment of José Ignacio Goirigolzarri as the new president of the entity, a proposal that is accepted without question. All the advisors know that he is the man chosen by Luis de Guindos.

Maybe that's why, Bankia de Goiri On November 23, 2018, he contributed new expert reports. One of them, the professor of the University of Navarra, Germán López Espinosa, maintains that Rato acted with "economic rationality" and points out that there have been no accounting irregularities.

But, at the same time, he argues that the reformulation of the 2011 accounts – those with which Rato went public on July 20, 2011 – ordered by the Goirigolzarri team on May 25 to the entity's Audit Committee was justified and it was obligatory. This reformulation was carried out two months after the annual accounts for 2011 were drawn up on March 28, 2012, with an initial benefit of 234 million euros.

The expert report reflects when defending both, Rato and Goirigolzarri the symbolic act of May 9. Rato is not dismissed by the Bank of Spain and it is he who, according to De Guindos, peacefully proposes the appointment of Gorigolzarri as his successor.

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