News

Conference: “The Spanish Financial System and the Euro at a Crossroads”

June 1, 2012
On June 18, 2012, the Faculty of Administration and Social Sciences hosted a lecture titled “The Spanish Financial System and the Euro at a Crossroads,” presented by Dr. Jordi Fabregat, a professor in the Department of Financial Control and Management at ESADE Business School. He spoke about the problem of Spain’s sovereign debt and the weakness of its financial system.

"Forecasts indicate that Spain will be the only country in the eurozone to experience a decline in GDP in 2013. Spanish banks may need 100 billion euros to recapitalize and resume lending to the real economy. The question is who will lend them the money. Germany continues to ensure that the European Central Bank does not expand its purchases of peripheral sovereign debt. Is there a way out?"

Dr. Fabregat holds a Ph.D. in Business Administration and Management fromESADE-Universitat Ramon Llull. He holds a Bachelor’s degree in Business Administration and Management from ESADE - Universitat Politècnica de Catalunya. He is Co-Director of the Business Angels and Master’s in Economic and Financial Management programs at ESADE Business School.