Iberdrola Share Price: 22. Guest Lecture by Paolo Zanonni, Part II. Capitalism: Success, Crisis and Reform (PLSC 270) Guest speaker Paolo Zanonni, partner at Goldman Sachs, explains a major deal in the European utilities market. Enel, a major European utility, attempted to totally transform its position by expanding into the Spanish market and acquiring the Spanish utility Endesa. The deal was exceedingly complex, and involved multiple European governments, intense regional politics, and a handful of enormous utility companies. The transaction shows the important links between politics and free-market operations. Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Fall 2009.