‘Spain is RUINED FOR 50 YEARS’ Economist predicts crisis and slams ECB over ‘crazy’ loans

Discussion in 'Economics and Finance' started by Aptrgangr, Mar 5, 2017.

  1. Aptrgangr nulla crux, nulla corona

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    ‘Spain is RUINED FOR 50 YEARS’ Economist predicts crisis and slams ECB over ‘crazy’ loans

    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.

    By SIOBHAN MCFADYEN

    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. (...)

    http://www.express.co.uk/news/world...rrency-Collapse-ECB-loans-debt-interest-Spain
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    Angroid: 70,724 Points (Only 50 years? lol) Mar 7, 2017
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  2. WFHermans Forum Veteran

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    Total debt is exaggerated as a problem. The nation with the largest foreign debt to GDP ratio is the tiny Luxemburg, with almost all of the debt being foreign capital put into Luxemburg's banks.

    And the American yuge debt is even less of a problem because most of it is internal.
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  3. billy_boatrocker Wartime Consigliere

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    Fake problem caused by jews and their cucks.

    If a country is a Sovereign Nation why don't they print their own money? That's what Sovereign means, (mostly).

    So there are no Sovereign Nations anymore. Except maybe North Korea or Iran. There was Libya but big jew destroyed them. Hymie wants everyone playing with his (stacked) deck.
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    Angroid: 70,724 Points (Take the gibs, then refuse to repay it.) Mar 7, 2017
  4. WFHermans Forum Veteran

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    I think Trump is betting on the money-jews overplaying their hand as usual so he can crush them when they cause their next financial crisis. Unfortunately they know this and they will do everything they can to start a war against the last sovereign jew-free nations Iran and best Korea.
  5. Angroid CyberSperg 1138

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    Spain ain't on the hook for 50 years. It's on the hook for eternity. That's how the Jew Casino rolls.
    Solushun - ditches, ovens and reset the usury counter back to the year zero. :agree:
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    rasputin: 64,351 Points Mar 8, 2017
  6. Roy Fokker Forum Veteran

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    Spain was once at the forefront of dealing with the Jews but it is now being dealt with by the Jews.
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    fuz al-nufi: -70,527 Points Apr 8, 2017
  7. Johnson HEIL HITLER.

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    Spain, the Caliph-magnet otherwise known as Africa's most popular tourist destination. If you see that country rockin', it's being conquered and raped by Moroccans.

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