Queen's University

$1 trillion European bailout may lead to political crisis

2010-05-13

Queen’s University economics professor Thor Koeppl is available to discuss the $1 trillion European Central Bank rescue package that was announced today.

Professort Koeppl is originally from Germany and spent two years working as a researcher at the European Central Bank before coming to Queen’s in 2004.

“The intervention of the ECB comes as a complete surprise to me. It seems that they have subscribed to a swap between bad and good debt,” Prof Koeppl says. “There is open dissent among member nations concerning this policy. Ultimately, the bailout package might lead to a political crisis in the more stable countries in Europe such as Germany and France.”

To arrange an interview, please contact Michael Onesi at 613.533.6000 ext. 77513 or michael.onesi@queensu.ca, or Kristyn Wallace at 613.533.6000 ext. 79173 or kristyn.wallace@queensu.ca at News and Media Services, Queen’s University.

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