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German economist: Bank managers are new Jews

A German economist compared the recent criticism of bank managers with the anti-Semitism of the 1930s in Germany.

The Central Council of Jews in Germany has demanded an apology from economist Hans-Werner Sinn, the president of the German Ifo Institute for Economic Research.

Sinn is quoted in Monday’s edition of Berlin’s Tagesspiegel newspaper as saying that "in every crisis there are guilty parties sought, scapegoats." Sinn went on to say that Jews in Germany were blamed for the worldwide economic crisis of 1929, "and today it is the managers."

Stephan Kramer, the Central Council’s general secretary, told the New Ruhr /Rhein Times Monday that the comparison was "outrageous, absurd and absolutely out of place."

"It would be news to me that bank managers were beaten up, murdered or confined in concentration camps," Kramer said.

 

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