| Complete broadcast: http://www.kontext-tv.de/node/121 Excerpt of Kontext TV broadcast “Europe In Peril: Debts And Social Cuts” With Heiner Flassbeck, Senior Economist at the United Nations Conference on Trade and Development (UNCTAD), Geneva While the German government presents the Euro crisis as a problem of debt overload like in Greece Heiner Flassbeck, senior economist of UNCTAD says that the root causes for the problem lie in the unresolved financial crisis. Like Greece Portugal is facing similar destructive austerity measures. In Ireland one can see a severe banking crisis. But EU and the German government bail out indepted banks and shift the costs of this crisis to the population. |
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.
Tags:
