Joan Francesc Corona, full academician of the Royal European Academy of Doctors-Barcelona 1914 (RAED) and director of the Spanish Institute of the Family Business, made a strong criticism of the Spanish debt assessment and control system and, by extension, of the European Union during his opening conference of the Third International Act of the RAED, which took place between 15 and 22 July in different Baltic cities. “We should do with the public economy what has already been done with the political system, even if in Spain we have to change the Constitution. The world has changed radically in the last 200 years, but there are legislations that still remain to this day”, he assured.
Corona warned of the risk of allowing debt markets to operate without any control. “Politicians have to govern, and if you govern without any control over the debt the country can be exposed to serious risks.
Austria went bankrupt under the command of an enlightened economist who didn’t know or didn’t want to apply his knowledge to practice“, he claimed. “Politicians are so imbued with their ideologies that they don’t dare to change the pricing model. It should not be forbidden to borrow, but only if states are able to take on the debt and the consequences of borrowing”, he said.