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Eduardo Barreiros and the Recovery of Spain$
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Hugh Thomas

Print publication date: 2009

Print ISBN-13: 9780300121094

Published to Yale Scholarship Online: October 2013

DOI: 10.12987/yale/9780300121094.001.0001

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Your Call Persuaded Me

Your Call Persuaded Me

(p.165) 23 Your Call Persuaded Me
Eduardo Barreiros and the Recovery of Spain

Hugh Thomas

Yale University Press

This chapter describes the involvement of Eduardo in several initiatives. Despite these international endeavors, in those years, Eduardo Barreiros did not forget his first company, BECOSA, which remained active, primarily in Cartagena. He told shareholders of the desirability of increasing the capital of the company by fourteen million pesetas. The turnover in 1957 had been 3,530,467 pesetas. In the overall position of Eduardo and his companies in about 1960, the only weakness seemed, at least to the Banco de Vizcaya, to be the continuing role of self-financing; that is, the financing of all investments out of profits instead of entering the money market—another anxiety derived from Eduardo's habit of expanding his activities in what seemed to be a disorganized manner.

Keywords:   Spain, BECOSA, self-financing, money market, investments

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