Nobel winner: Germany’s the problem, not Greece

Print pagePDF pageEmail page

Nobel Prize-winning economist Joseph Stiglitz told CNBC on (last) Monday that the euro zone should stay together but if it breaks apart, it would be better for Germany to leave than for Greece.

“While it was an experiment to bring them together, nothing hasdivided Europe as much as the euro,” Stiglitz said in a “Squawk Box” interview.

The risk of a sovereign default in Greece has increased after the anti-austerity party Syriza won Sunday’s snap elections, raising concerns over the possibility of a Greek exit from the euro zone.

For the entire interview and video clip, please go to:
http://www.cnbc.com/id/102367704

Leave a Reply

Your email address will not be published. Required fields are marked *