Luigi Zingales: belief

Transcript context

…Overrated, OK. Angela Merkel, overrated or underrated? I think she’s probably underrated. I’m impressed by her ability to, number one, run Europe for the interest of Germans in a very effective way. [laughter] You should be impressed. She’s elected by German people. She has no European constituency, so she does her job as a politician extremely well. Doesn’t correspond to the interest of the rest of the Europeans, but that’s a different. The other thing that I’m impressed is how she handles the immigrant crisis. Recreating a positive feeling toward Germany that was absent in Europe and taking, I think, the right approach. We want refugees, because refugees are the best people. Not only is there a moral obligation to save people that escape extermination, it’s also an economic consideration. These are the most talented, the most entrepreneurial, the most dynamic people in the world. We want to have them. Given your work on the persistence of culture, can Germany and Merkel absorb 800,000 Syrians a year for two or three years? Do you think so?…

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