Oct. 25 (Bloomberg) -- Nobel-Prize winning economist Joseph Stiglitz said austerity is a “suicide pact” for the world’s major economies.
“The only way we’re going to make it through, restore economic growth, is by stimulating the economy,” Stiglitz said today at a conference in Toronto. “The austerity that is going on in Europe, America and so forth is effectively a suicide pact for our economies.”
--Editors: James Tyson, Kevin Costelloe
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