Tuesday October 20, 2020

Austerity a road to "suicide" for Europe says Nobel laureate

Nobel laureate Joseph Stiglitz said Europe is “headed to a suicide” as euro zone leaders focus on austerity.

26th April, 2012
“There has never been any successful austerity program in any large country,” said Joseph Stiglitz.

Nobel laureate Joseph Stiglitz said Europe is “headed to a suicide” as euro zone leaders focus on austerity.

“There has never been any successful austerity program in any large country,” Stiglitz told reporters in Vienna today.

“If Greece was the only part of Europe that was having austerity, we could ignore it, but if you have UK, France, you know all the countries having austerity, it’s like a joint austerity and...

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