Roberto Centeno, one of the signatories to the letter, was quoted by the Daily Excess in February as stating
A LEADING Spanish economist has hit out at the European Central Bank (ECB) saying "crazy" loans will ruin the lives of the population for the next 50 years.
And it is only a matter of time before the Government is forced to default as a debt bubble and low wages effectively forge the worst declines in "living memory".
Leading economist Roberto Centeno, who was an advisor to US president Donald Trump's election team on hispanic issues, says the country has borrowed £508 billion (€603) billion that it cannot conceivably pay back.
And he says Spanish politicians including Minister of Economy Luis de Guindos are "insulting their intelligence" after doing back door deals with the ECB.
In a blog post Mr Centeno says there needs to be audits so the country can understand the magnitude of its debt mountain.
He said Spain was “moving steadily towards the suspension of payments which is the result of out of control public waste, financed with the largest debt bubble in our history, supported by the ECB with its crazy policy of zero interest rate expansion and without any supervision.”
The expert added the doomed situation will “lead to the ruin of several generations of Spaniards over the next 50 years”.
http://www.express.co.uk/news/world/770674/Euro-Foreign-Currency-Collapse-ECB-loans-debt-interest-Spain
If it was not in the Daily Excess I would give it a bit more credence: as it is plenty of other news sites suggest little or nothing is wrong with Spain...
