Bloomberg continues:Just another name to keep an eye on in the corrupt world we live in: the dual American and German citizen, Nicolas BerggruenBerggruen is moving...to save the West from sinking into chaos. He says the stock market swoons of 2011, the brinkmanship in Washington over the debt ceiling and the euro-zone debt debacle are symptoms of the same underlying problem. “What you really have is a deep, deep governance crisis in the West,” he says.
To reduce the political paralysis that threatens the U.S. and Europe, the billionaire donated $100 million to create the Nicolas Berggruen Institute, with offices in Berlin, Los Angeles, New York and Washington.
In early September, the institute assembled a group called the Council for the Future of Europe. It includes former government leaders Gerhard Schroeder of Germany and Felipe Gonzalez of Spain, former European Commission President Jacques Delors, as well as economists Nouriel Roubini, Joseph Stiglitz and Mohamed El-Erian, the chief executive officer at Pacific Investment Management Co. Former British Prime Minister Tony Blair has served as an adviser.
Thursday, October 27, 2011
EconomicPolicyJournal.com: The Billionaire that Could Become the Next George Soros-Type Global Manipulator
EconomicPolicyJournal.com: The Billionaire that Could Become the Next George Soros-Type Global Manipulator
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