The Euro, the Crisis and the Future of the European Union

<strong>Archives on Contemporary History, School of Social Sciences, JNU and Rosa Luxemburg Stiftung, South Asia - INSAF</strong> a lecture on <strong>The Euro, the Crisis and the Future of the European Union</strong> By <strong>Prof. Michael Heinrich</strong> University of Applied Sciences, Berlin Prof. Michael Heinrich teaches Economics in Berlin and is Managing Editor of PROKLA: Journal for Critical Social Science. He is the author of 'The Science of Value: Marx's Critique of Political Economy between Scientific Revolution and Classical Tradition?, and editor, with Werner Bonefeld, of 'Capital and Critique: After the 'New Reading' of Marx?. His new book: 'An Introduction to the Three Volumes of Karl Marx's Capital? systematically covers all three volumes of Capital and explains all the basic aspects of Marx's critique of capitalism in a way that is clear and concise. Prof. Michael Heinrich will speak on the banking crisis of 2008 overcome by an enormous intervention of the European states. The consequence was a state debt crisis. However this state debt crisis hit the members of the EU in rather different ways and degrees. Especially the southern member states, Portugal, Spain and especially Greece had and have huge problems, while Germany is the clear winner of the crisis. German companies as well as the German state have enormous benefits through the crisis. This unequal situation creates the biggest challenge the EU ever saw. The actual wave of refugees entering the EU and the still existing conflict in the Ukraine increase this challenge. Date: Wednesday 2nd December 2015