EIR Exclusive Interview with Prof. Starbatty

May 1, 2010 (LPAC)—Prof. Joachim Starbatty, one of the Four Professors who will file a constitutional complaint against the EU bailout policy, has given an exclusive interview to the LaRouche publications. The interview will be immediately posted in the German EIRNA webpage, in order to exploit the news effect on the web, and will appear in the coming issue of Neue Solidaritaet.

In the interview, Starbatty says that as soon as the German government issues a bill for a participation in the Greek bailout, the four professors "will proof the text and immediately act." If the Constitutional Court supports the complaint, "this will create a dynamic situation. This means that an exit of Germany [from the Euro] is not excluded." If this happens, other nations will follow, giving birth to "a new, stable bloc." This would be less painful than it seems, and "the United States would gain an ally in any future reorganization of the world currency system and the global economy."

The EU intention to introduce a control mechanism on national budgets "is the development of the EU into a quasi-federal state through the back door. This conflicts with the decision of the German Constitutional Court on the Lisbon Treaty." Article 136 of the Lisbon Treaty, used by EU leaders to back their intentions, "is no basis for a transfer of political competencies. The Bundestag must express its opinion on that."

Prof. Starbatty denounces the shock therapy imposed on Greece as "fatal." "It is like German Chancellor Bruening's policy in the early '30s — in a severe recession, to cut expenditures, increase taxes, freezing and cutting wages. Bruening did that in order to gain a reputation on the international capital markets. The Greeks are currently in a similar situation. No other industrial country is carrying out this Bruening-like policy, because it leads from a recession into a depression."

Instead, Greece should leave the EMU and its "Euro-debts should be cut according to the [currency] devaluation. The banks should participate in the consolidation; they consciously took a high risk."

The interview will soon be available on LPAC and EIR.