The Return of Greek Tragedy - CNBC
The Return of Greek Tragedy - CNBC
By: Reported by David Faber, written by Gennine Kelly
Economist Joseph Stiglitz is warning that Europe is at risk of going into a double-dip.
According to Bloomberg, the Noble Prize winner told Dublin-based RTE Radio on Tuesday that when the Euro-area governments stepped up efforts to cut deficits to below the European Union limit of 3 percent of gross domestic product, so many in Europe focused on this "3 percent artificial number, which has no reality and is just looking at one side of a balance sheet," Stiglitz said. ...
By: Reported by David Faber, written by Gennine Kelly
Economist Joseph Stiglitz is warning that Europe is at risk of going into a double-dip.
According to Bloomberg, the Noble Prize winner told Dublin-based RTE Radio on Tuesday that when the Euro-area governments stepped up efforts to cut deficits to below the European Union limit of 3 percent of gross domestic product, so many in Europe focused on this "3 percent artificial number, which has no reality and is just looking at one side of a balance sheet," Stiglitz said. ...
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