We Don’t Need A Bad Bank, But a Good Bank

To Deal with Collapse: ‘We Don’t Need A Bad Bank, But a Good Bank’
EIR May 1, 2009

Professor Wilhelm Hankel was Secretary of State in the German Finance Ministry under Karl Schiller, and, for ten years, was the chief economist of the Kreditanstalt für Wiederaufbau. His most recent book is Die Euro-Lüge und andere volkswirtschaftliche Märchen (The Euro Lie and Other Economic Fairy Tales). Helga Zepp-LaRouche interviewed him on April 9, and we publish a translation here. The video interview, in German, is posted at www.bueso.de. Mrs. LaRouche also interviewed him in January (EIR, Jan. 30, 2009); and he spoke at a Schiller Institute conference in February on “The Future of the Euro” (EIR, March 27, 2009). [more]