February 2, 2011 (LPAC) - Speaking January 28 at the World Economic Forum in Davos, during the session dedicated to the strength of the euro system, prof. Wilhelm Hankel harshly criticized the governor of the ECB Jean-Claude Trichet, as he one of the speakers on the podium.
economist himself as "coming from a country that is still suffering from the tragic mistake made eighty years ago when the government tried to save on public expenditure and simultaneously to close the public debt - that was the last Government before Hitler ascended to power. "
So said the philosophy behind the "Eurocrats" propose drastic cuts to the budget after having sacrificed the old national currencies in favor of artificial euro, makes the government unable to create all possible prosperity for their nations and remove the pillars - the budget and money - on which any sovereign state .
Finally, he called a "democratic", which sees in these policies a threat to democracy itself and said that, given the bankruptcy of two thirds of the nations of the euro, the single currency is doomed to failure.
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