Austerity Could Push Europe Back into Recession, Stiglitz Says
Joseph Stiglitz, a Nobel Prize-winning economist, said Europe risks falling back into recession as governments slash spending in a bid to narrow their budget deficits. "Cutting back willy-nilly on high-return investments just to make the picture of the deficit look better is really foolish," Stiglitz said today, according to Bloomberg News . Governments that use the euro currency are cutting... Continue reading Austerity Could Push Europe Back into Recession, Stiglitz Says Austerity Could Push Europe Back into Recession, Stiglitz Says originally appeared on DailyFinance on Tue, 24 Aug 2010 09:01:00. Filed Under: Economy , People , Investing , Taxes , Currency Permalink | Tweet this! | Comments
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