Nobel Prize Winner Gathers Super Team to Solve Greek Crisis

Former World Bank chief economist and Nobel Prize winner Joseph Stiglitz has signaled he is prepared to help solve the Greek economic crisis, and is enlisting a team of leading US and European scientists to do so.

Joseph Stiglitz, former World Bank chief economist and Nobel Prize winner, said that both he and many prominent scientists from Europe and America are willing to contribute to solving the Greek economic gridlock, sources said.

Joseph Stiglitz, economist and the Nobel Prize winner, speaking at the Russia-2011 Forum in Moscow

© Sputnik / Grigoriy Sisoev

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The American economist made the announcement as he met Greek Finance Minister Euclid Tsakalotos in Athens on Friday, the press service of the Greek Finance Ministry reported.

During the gathering, Stiglitz voiced concern over the economic rationale behind Greece’s new bailout agreement that was clinched between Athens and international creditors on July 13.

Stiglitz has repeatedly criticized the tactics of the international lenders toward Greece and the structure of the current financial system that took shape in the country as the result of this policy.

Stiglitz said that together with an array of eminent European and American scientists, he was poised and ready to assist the Greek government in any way possible to end the austerity policy and ride out the economic crisis.

After the July 13 marathon talks in Brussels, Greece agreed to austerity measures in return for a three-year bailout worth up to 86 billion euros (96 billion dollars); it became the country's third rescue program in five years.