Scapegoat €? : Dokumentarfilm von Alexander Kockerbeck

"The Euro crisis is not over! We have managed to calm financial markets, but the problem has moved into the social and political sphere, with increasing unemployment and the risk of growing extremism and euro scepticism", says Paul De Grauwe from the London School of Economics, one of the top economists featured in this European documentary. Thomas Mayer, the former chief economist of Deutsche Bank, is concerned about the "centrally planned monetary economy" led by Central Banks which try to kickstart the economy and to fight deflation by creating unprecedented levels of liquidity that may compromise the entire monetary system. Manfred Gärtner from the University St. Gallen elaborates how the global financial crisis played havoc with European government finances and how problematic sovereign ratings may have added to a "bad equilibrium" in the whole euro area that forced the European Central Bank to do "whatever it takes" to defend the Euro.
Alexander Kockerbeck