But membership in the E.C.R. is not likely to quiet criticism that the AfD, led by Bernd Lucke, an economics professor at the University of Hamburg, is a Trojan horse for Germany's extreme right.
, Sarrazin, Hummler, and Bernd Lucke
(a macroeconomist formerly employed by the German central bank, the founder and leader of the AfD).are representative of the Germanic economic consensus in favor of the self-destructive austerity regime that thrust the eurozone back into a gratuitous second recession and Spain, Greece, and Italy - with one third of the total population of the eurozone - into Great Depression levels of unemployment.
Henkel and Lucke do not simply lack sympathy for the people of the periphery, they repeatedly attack them.
A couple of years ago I read Bernd Lucke's
interview which made a lot of sense:
We think that the euro currently splits the European Union
into two parts - a segment of an economically unsuccessful southern part, and a more northern, or more central, European part, which currently seems to benefit from the misery of the southern European countries, because all of the capital flows back from southern Europe to Germany, and the Netherlands, and other stable countries, where it helps us to do cheap investment, but which is at the expense of those southern European countries, and which certainly is the cause for envious sentiment and angry sentiment in the southern European countries, so that the political tensions within the European Union
There is the imminent danger of the disintegration of the European Union
and of the common market, possibly even with a return to, say, impediments to trade, like a reintroduction of customs duties if those southern European countries are not able to balance their trade by any other means - in particular, not able to balance their trade by a devaluation of their own currency.
is openly condescending to the Southern Europe, although he
implicitly acknowledges that they owe their economic woes to the currency union with the "successful" North.
point on devaluation is pretty hard to argue with.