Zapatero lied about the 2008 crisis, says his former minister

Former minister César Antonio Molina claims Zapatero knew the crisis was coming and denied it. Spain's PP had already warned of it in 2006. A lie or sheer incompetence?

English · Original discussion in Spanish · Published

Zapatero's former minister says he knew the crisis was coming and denied it

Did José Luis Rodríguez Zapatero lie to Spaniards about the 2008 economic crisis? According to César Antonio Molina, his former Minister of Culture, the answer is yes. In recent statements, Molina said Zapatero was "an incapable person" and that "he knew the crisis was coming while denying it." The claim, picked up in public debate, reopens a wound many consider long healed.

During the 2006 campaign, the Partido Popular (Spain's conservative party) was already warning of the storm to come. Manuel Pizarro, in the debate with the then economy deputy prime minister Pedro Solbes, laid out the data that foreshadowed the collapse. Zapatero's government, however, chose the narrative of "green shoots" and denied any systemic risk. Zapatero himself admitted on several occasions that he had no knowledge of economics, which fuelled criticism of his ability to manage the crisis.

The testimony of a former minister

César Antonio Molina, who served in Zapatero's first cabinet, has been particularly harsh. In his statements, he not only questioned the former prime minister's competence, but claimed that Zapatero knew how serious the situation was and chose to hide it. This testimony adds to a long list of voices denouncing the lack of transparency of the Socialist government during those years.

Seventeen years on, the official story still doesn't add up. What goes unsaid is that the warning was in the PP's 2006 election programme, but the then prime minister preferred to keep up the optimistic speech until the very end. The question that remains is whether that deliberate omission was mere incompetence or a calculated lie. The difference is subtle, but the damage to Spaniards' finances was real.

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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (14 replies).

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