[1] He holds a bachelor's degree in economics and business studies which he obtained from Madrid's Complutense University in 1966.

[12][13] Solchaga resigned from office in July 1993 due to the scandal surrounded the activities of Mariano Rubio, the governor of the Bank of Spain.

[2] His term ended in September 1993,[19] and the finance minister of Belgium, Philippe Maystadt, succeeded him as chairman of the committee.

[23] Their priority was to reduce inflation using steps to control the money supply, which reinforced the high levels of interest and a strong currency.

[23] In addition, like Boyer he objected the approach and views of Alfonso Guerra, deputy prime minister.