Archive
Categories

Artikel-Schlagworte: „Standard Poors“

Euro Crisis: „A Flood of Inflation“

[Original title: „Prof. Markus Kerber zur Eurokrise: ‚Ein Schwall von Inflation‘„, in korrektheiten.com, January 14, 2012. Translation by MKH]

The Deutschlandfunk (DLF, a public German radio station) has aired, Friday night, an interview with Professor Markus Kerber. Kerber is an economist at the Technische Universität Berlin. He conducts research on public finance and economic policy. The occasion was the downgrading of the creditworthiness of France from AAA to AA + by the rating agency Standard & Poors. It was about the impact on the Euro. Kerber was speaking in plain language. He said among other things:

In total, Germany can try in this situation only one thing: withdraw from the Euro rescue fund – at least from the Euro rescue fund – to secure its rating and to save [herself]. Otherwise, in the near future the conclusions from Germany’s liability-causing situation will have to be drawn. Germany will have to be liable for all, and this necessarily leads to a serious downgrade. The bailout funds …

Diesen Beitrag weiterlesen »