German Economist 'Europe's Citizens Now Have to Fear for Their Money'

For the first time, bank customers in a crisis-plagued euro-zone country are being forced to contribute to its bailout. In an interview, German economist Peter Bofinger warns the strategy is "extremely dangerous" and could lead to a run on banks.
Cypriots show their palms reading "No" during a protest against an EU bailout deal outside the parliament in Nicosia on Monday.

Cypriots show their palms reading "No" during a protest against an EU bailout deal outside the parliament in Nicosia on Monday.

Foto: AFP
Interview conducted by Stefan Schultz
Mehr lesen über