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Santiago Nino interview on TV3 02/06/2010: “There must be coordination between countries to resolve the debt crisis”
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SN: There are a number that is being given little importance, which is the evolution of total debt, not debt. When the Spanish government said that public debt is low, it is true, but the problem is the total debt. Spain has a total debt level of 400% of GDP, a real craze.
E: When he speaks of total debt, “refers to the sum of all debts?
SN: Yes, total debt of the state, municipalities, autonomous communities, household debt, banks and savings banks and corporate debt. All in all is 400% of GDP. That is, it requires the courage of the production of 4 full years to repay the debt.
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The Bilderberg Club in Sitges debate on the future of the euro and the “alternatives” to the dollar