“Spain needs to raise 3-4 per cent of its GDP in financing its current account deficit – or €30bn-€40bn a year; this implies selling Spanish assets to foreigners, as the other way would be to cut consumption or investment by the same amount, and [that] would produce a new recession.” says Ignacio de la Torre, Finance professor at IE Business School on a recent Financial Time´s article. Read more…
Professor Ignacio de la Torre is the Academic Director of the Master in Finance Programs at IE Business School and Partner of Arcano. With fourteen years experience in diverse fields of investment banking (corporate finance, equity research, specialist sales of media stocks, generalist sales of European equities and derivative sales at UBS and Deutsche Bank), de la Torre has been a Professor for IE for the last six years, teaching creative accounting, macroeconomics, finance & valuation courses. Professor De la Torre has also founded a business, the Internet retailer www.tododvd.com where he acts as a board member.
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