Bernard Connolly: the EU is an “explicitly anti-democratic”, crony capitalist state

Published on Apr 4, 2016

Part 1 of Merryn Somerset Webb's interview with economist Bernard Connolly about the democratic deficit in the EU, and the certainty of a new financial crisis.

Before joining AIG Connolly had spent a number of years working with the European Commission in Brussels, where he was head of the unit responsible for the European Monetary System and monetary policies. While at the Commission Connolly was a Member of the Monetary Policy and Foreign Exchange Policy sub-committees of the Committee of Central bank Governors and was on the OECD Group of High-Level Monetary Experts.

After writing The Rotten Heart of Europe: The Dirty War for Europe's Money, a negative treatment of the European Exchange Rate Mechanism, he was terminated in 1995 from his employment at the European Commission. An appeal of his dismissal to the European Court of Justicewas unsuccessful.[1]


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