organized a lecture
Location: New Direction headquarters
Event date: 21 September 2011
Professor Dr. Marcus C. Kerber, the initiator of the legal challenge against bailouts of the sinking eurozone countries, attracted nearly hundred people to the New Direction headquarters in Brussels on 21 September 2011.
According to Kerber, the mostly political experiment called the euro in its current form is effectively over. He strongly criticised the European Central Bank for its bond buying action, warned against inflation and questioned the sustainability of public debt in Germany, which is expected to cover most of the eurozone insolvency problems. He also called for a debate on the reshaping of the Eurozone.
“If we cannot trim the eurozone [make Greece leave] to make it survive then the only chance for the surplus countries to survive and to fight the trend of further inflating bailouts will be to leave the Eurozone,” said Kerber.