Joseph Stiglitz: Europe's Austerity Plans Are A 'Suicide Pact' That Will Collapse Economies

01/17/2012 12:29 pm ET
  • Malcolm Moore The Telegraph

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.

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