Stiglitz: Austerity 'Dismal Failure,' New Approach Needed

Stiglitz: Austerity 'Dismal Failure,' New Approach Needed Play

Aug. 20 (Bloomberg) -- Columbia University Professor and Nobel laureate Joseph Stiglitz says austerity policies in Europe have been a "dismal failure" and that a new approach is needed including a form of fiscal union. He speaks from Lindau, Germany, with Jonathan Ferro on Bloomberg Television's "The Pulse." (Source: Bloomberg)

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