Richard Werner

speaker
4,694 appearances 9 recordings 3 series first heard Jul 2025 last heard 22 May

Richard Werner’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
6 · Apr OctJan 26AprJulnow

Recordings per month over the last 12 months — 8 in all, peaking in Apr 2026 with 6.

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was a good central bank, probably one of the best in history, I would say.
And because it made other central banks look bad, its days were unfortunately numbered.
Germany allowed itself to give up the Bundesbank and give up its currency, the D-Mark.
Now, the D-Mark had become the European currency.
So what was marketed... I remember.
That's right.
It was by market forces and voluntary decisions.
Other countries decided to peg themselves to the DMARC voluntarily.
Nobody was forced to do that.
And so what really was marketed as the introduction of the European currency, the euro, was actually the destruction of the European currency, the DMARC.
And also the destruction of this good central bank.
Now, really the destruction of Germany itself.
That's right.
That's when it started.
And I was a fierce opponent in the 1990s, but it was like a taboo to say, oh, giving up the D-Mark is a bad thing.
In public debates, I was chief economist of a British investment bank and so invited to various events in Germany also and other German bank, Deutsche Bank chief economists were there.
I would say, well, we can't give up the D-Mark.
There's no good economic rationale.
And silence.
And some would say, oh, they wouldn't engage on that point because it's true.
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