Web conference with Heiner Flassbeck

Heiner Flassbeck is the Director of the Division on Globalization and Development Strategies at UNCTAD in Geneva, and former deputy finance minister of Germany.

A prominent economist, Flassbeck has been at the forefront of critiquing myths about the financial crisis, and is an unparalleled expert in the particular challenges of the Eurozone.

Flassbeck argues that global economic governance is needed, because globalisation needs global rules. Ideally this should be through the UN. Social protection is important, and wages need to rise in line with productivity. Prices of essential commodities like oil should not be determined by speculation.

Flassbeck talks about the financial crisis, with special focus on Germany’s role in the Eurozone crisis.

Help us caption & translate this video!

http://amara.org/v/B6PK/