Web conference with Heiner Flassbeck

Published on September 3, 2012

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Heiner Flassbeck
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Heiner Flassbeck is the Director of the Division on Globalization and Development Strategies at UNCTAD in Geneva, and former deputy finance minister of Germany.

A prominent economist, Flassbeck has been at the forefront of critiquing myths about the financial crisis, and is an unparalleled expert in the particular challenges of the Eurozone.

Flassbeck argues that global economic governance is needed, because globalisation needs global rules. Ideally this should be through the UN. Social protection is important, and wages need to rise in line with productivity. Prices of essential commodities like oil should not be determined by speculation.

Flassbeck talks about the financial crisis, with special focus on Germany’s role in the Eurozone crisis.

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About Heiner Flassbeck

Heiner Flassbeck (born 12 December 1950) is a German economist and public intellectual. From 1998 to 1999 he was a State Secretary in the German Federal Ministry of Finance (German: Bundesministerium der Finanzen) where he also advised former finance minister Oskar Lafontaine on a reform of the European Monetary System. He became the Chief of Macroeconomics and Development of the United Nations Conference on Trade and Development (UNCTAD) in Geneva in January 2003, a position that he held until resigning at the end of 2012 due to his age.

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