| Former German finance minister, Heiner Flassbeck, on the unbearable debt imposed on Germany by the Treaty of Versailles after WWI, the subsequent debt forgiveness & restructuring of Germany’s external debt after WWII and Germany’s position today as a European creditor nation. Two part series. Originally published June 26, 2013 at TRNN with which Lynn Fries is no longer associated. |
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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