Joseph Stiglitz: European austerity plans are a suicide pact
January 17 — European governments have signed a "suicide pact" by imposing fiscal austerity plans that will collapse their economies, Joseph Stiglitz, the liberal economist, has warned.
Imposing austerity measures as countries slow towards recession is a fundamentally flawed response, said Mr Stiglitz, who won the Nobel prize in 2001 for his work on how markets work inefficiently. Read more.
