Peter Bofinger News
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Indebted euro-area countries should implement wealth taxes as a way to generate funds to offset future bailouts, an economic adviser to German Chancellor Angela Merkel told Der Spiegel magazine.
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In his office at the six-century-old University of Wuerzburg, Peter Bofinger contemplates the fate of his country under the weight of the European sovereign-debt crisis.
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Dec. 6 (Bloomberg) -- Bloomberg's Jeremy Kahn talks about his profile of German Economist Peter Bofinger and the European Redemption Pact proposal which, Bofinger believes, can save the euro. This report is a featured article in the January issue of Bloomberg Markets magazine. (Source: Bloomberg)
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Italy is in a “serious situation” and the “vicious circle” must be stopped as soon as possible, German government adviser Peter Bofinger said in a Bloomberg Television interview.
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Euro-area governments should consider haircuts and the issuance of joint bonds to cut the debt burden of countries such as Greece, said Peter Bofinger , a member of German Chancellor Angela Merkel ’s council of economic advisers.
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Peter Bofinger , a member of German Chancellor Angela Merkel ’s council of economic advisers, said euro-area governments should consider issuing joint bonds to refinance the existing debt of member countries, the newspaper Sueddeutsche Zeitung reported.
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German Chancellor Angela Merkel and French President Nicolas Sarkozy may announce proposals that “go in the direction” of joint euro-area bonds, said Peter Bofinger, an economic adviser to the German government.
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Peter Bofinger, an economic adviser to German Chancellor Angela Merkel, said a Spanish banking collapse could threaten the whole European banking system because Spain’s lenders have foreign liabilities of 160 billion euros ($201 billion), Deutschlandradio Kultur reported today.
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Peter Bofinger, a member of German Chancellor Angela Merkel’s council of outside economic advisers, said the countries in the euro zone shouldn’t add any more austerity programs, Passauer Neue Presse reported.
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Peter Bofinger, an economic adviser to German Chancellor Angela Merkel, said Germany will probably need a referendum before politicians fix the structural defects of Europe’s currency, Vienna’s Der Standard newspaper reported, citing an interview.
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