He has been Commissioner for Economic and Monetary Affairs since 2004 and is a former Spanish minister for Public administration and Employment and Social Security.
Kopš 2004. gada ekonomikas un monetāro lietu komisārs, pirms tam — Spānijas ministrs (1982.g-1986.g. nodarbinātība un sociālā drošībā, 1986.g.-1991.g. — valsts pārvalde).