Interviu cu Karl Otto Pöhl

Deși un pic cam vechi, acest interviu din Der Spiegel cu Karl Otto Pöhl (fostul guvernator al Bundesbank din 1980 până în 1991) este deosebit de util pentru cei care, fără să fie specialiști în economie, vor să deslușească criza europeană actuală. Uriașul plan de salvare a Greciei și altor state cu datorii uriașe nu are nimic de-a face cu principiile științei economice, ci cu interesele clientelare, de grup sau personale ale celor care au puterea să ne folosească banii. Redau ce mi s-a părut mai elocvent.

SPIEGEL: The exchange rate with the dollar is still close to $1.25. What’s the problem?
Pöhl: The foundation of the euro has fundamentally changed as a result of the decision by euro-zone governments to transform themselves into a transfer union. That is a violation of every rule. In the treaties governing the functioning of the European Union, it explicitly states that no country is liable for the debts of any other. But what we are doing right now, is exactly that. Added to this is the fact that, against all its vows, and against an explicit ban within its own constitution, the European Central Bank (ECB) has become involved in financing states. Obviously, all of that will have an impact.

SPIEGEL: The German government has said that there was no alternative to the rescue package for Greece, nor to that for other debt-laden countries.
Pöhl: It was about protecting German banks, but especially the French banks, from debt write offs. On the day that the rescue package was agreed on, shares of French banks rose by up to 24 percent. Looking at that, you can see what this was really about — namely, rescuing the banks and the rich Greeks.

SPIEGEL: How is it possible that the foundation of the euro was abandoned, essentially overnight?
Pöhl: It did indeed happen with the stroke of a pen — in the German parliament as well. Everyone was busy complaining about speculators and all of a sudden, anything seems possible.
SPIEGEL: You don’t believe in the oft-mentioned attacks allegedly perpetrated by currency gamblers, fortune hunters and speculators?
Pöhl: No.
SPIEGEL: Is it possible that politicians invented the specter of rampant speculation to legitimize a break with the Lisbon Treaty and with the ECB’s rules?
Pöhl: Of course that’s possible. In fact, it’s even plausible.

Pöhl: The president of the Bundesbank, Axel Weber, is in a bind. He has been issuing warnings about these kinds of developments for some time and he continues to do so. But of course it is difficult to keep this up in the face of a political majority.
SPIEGEL: Especially when he aspires to the presidency of the ECB and is therefore dependent on political goodwill.
Pöhl: That may also play a role.

În încheiere, două grafice.

3 comentarii

• 

  By bogdan, iunie 1, 2010 @ 2:14 pm

  “you can see what this was really about — namely, rescuing the banks and the rich Greeks”

  cam atat despre capacitatea pietii de a se autoregla si a distribui eficient resursele.

• 

  By Daniel, iunie 1, 2010 @ 2:57 pm

  Da, pentru ca problemele provocate de “fiat money” sunt vina “pietei”.

  Nota 2, stai jos.

• 

  By Bogdan Glavan, iunie 1, 2010 @ 7:25 pm

  Pai din citat eu inteleg ca piata ar fi dus la falimentarea bancilor si a bogatilor. Ce? Nu e bine?!

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