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Debtor Real Form

Debtor Real Form

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LYNN FRIES: Welcome to The Real News. I'm Lynn Fries, in Geneva. In this report we're continuing our look into the creditor-debtor relationship, what has or has not been learned from history, specifically, German history and the German experience as both a debtor and a creditor nation. In part one of our series, we discussed Germany the debtor nation and the huge debt imposed on Germany after World War I, and then the German debt resolution agreed in the 1953 London Debt . In this final segment, we look at Germany the creditor nation and how debtor countries in Europe today are being treated by their creditors, including Germany. The Real News invited German economist Heiner Flassbeck to talk to us about all this. Dr. Flassbeck is director of Flassbeck Economics. He's honorary professor at the University of Hamburg and co-authored Act Now!, recently published in Germany. In prior experience, he was chief economist at the United Nations Conference on Trade and De

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