Alberto Ullastres

Alberto Ullastres (15 January 1914 – 15 November 2001) was Spain's minister of economy (1957-1965) and ambassador to the European Economic Community (1965-1976) under General Franco.

[1] Ullastres was part of the so-called "Opusdeistas" – ministers under Franco who were also members of the Opus Dei organisation.

In an article "The Awakening Land", Time magazine attributed Spain's economic modernization to him: "On a hot July day in 1959, Ullastres announced a sweeping stabilization plan.

With the aid of a $400 million international loan, Ullastres threw open Spain's doors to imports necessary to rebuild its economy.

And over the howls of government protectionists, he pushed through a series of measures to encourage foreign investors to enter Spain.