Nobel laureate Stiglitz sees Italy, others leaving euro zone in coming years

Nobel laureate Stiglitz sees Italy, others leaving euro zone in coming years
 

Nobel Prize-winning economist Joseph Stiglitz predicted in a interview out on Wednesday that Italy and other countries would leave the euro zone in coming years, and he blamed the euro and German austerity policies for Europe's economic problems.
Europe lacks the decisiveness to undertake needed reforms such as the creation of a banking union involving joint bank deposit guarantees, and also lacks solidarity across national boundaries, Stiglitz was quoted as saying by Die Welt newspaper.
"There will still be a euro zone in 10 years, but the question is, what will it look like? It's... read more

 
6 October 2016 in Business, Views: 36
Source: Reuters
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