Tuesday, July 3, 2012

The great euro swindle - when everybody is cheating (video/ger)

Dear reader,

this documentary is just like those masterpieces by Robert Peston BBC on the Euro. There are many interviews with leading figures responsible to start the common European currency going back to the first agreements between President Chirac and Chancellor Kohl. Some people interviewed: Jean-Claude Juncker (Lux) , Ottmar Issing (Bundesbank, Ger), Hans Tietmeyer (Bundesbank) Hans Eichel (germ. finance minister), Theo Waigel (Germ. finance minister), Greek helm of public debt management agency, Greek finance minister etc etc.

It shows how politics not economics played a major role in letting most of the countries in trouble now into the euro area. It shows how not only Greece cooked their books but also Germany fiddled its numbers, how German politicians put pressure on the Bundesbank to turn a blind eye. And how everyone was wondering about Greek data from its office of statistics.

45 mins, german, streaming video: 1st public German TV network ARD  
                                                       alternative server (flash required) 


related:
Yannos Papantoniou: I Brought the Euro to Greece (Foreign Affairs, Apr 25th 2013)

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