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Jan 6, 2023
"Trust was thin on the ground" with Georges Heinrich
Georges Heinrich, right-hand man to the Eurogroup's chairman from 2005-2013, recounts the EU's hesitant crisis response.
Summary
As the right-hand man to Jean-Claude Juncker (chairman of the Eurogroup from 2005-13) and vice president of the Euro Working Group from 2011-14, Georges Heinrich found himself in the eye of the euro's financial storm in his late-30s. "Eventually, the right decisions were taken. Solidarity did prevail. Everybody chipped in,” he says. “But we had very, very long discussions on how to split the bill or whether to do a runner and leave one or two guys at the table who aren't so fit and who will then have to answer to the police or wash up the dishes".
Edited and produced by davidstudio.
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Tim Jones
Tim Gwynn Jones is an economic and political-risk analyst at Medley Advisors .
