Bloomberg News

European Politicians to Blame for Crisis: Bofinger

May 22, 2012

Peter Bofinger, economic adviser to the German government and professor at the University of Wuerzberg, discusses the prospect of a possible Greek euro exit, confidence in the region's banks and austerity measures.

He spoke May 17 with Bloomberg Television's Harsha Subramaniam in Mumbai. (Source: Bloomberg)

00:00 Greek austerity; contagion risks; bank funds 06:06 ECB loans; "blame" on politicians; firewalls 09:07 Growth versus austerity; Spanish banks; ESM

Running Time: 11:22

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