06:30 GMT +310 December 2019
Listen Live
    People pass by a graffiti showing a euro sign bleeding, in central Athens on July 14, 2015

    Nobel Prize Winner Gathers Super Team to Solve Greek Crisis

    © AFP 2019 / ARIS MESSINIS
    Get short URL

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

    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.

    A woman passes by the Bank of Greece headquarters where 'Greece' was changed to 'Berlin' during a 24-hour general strike in Athens on February 7, 2012.
    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.


    Greek Bailout: Germany Cuts Own Throat by Twisting Greece's Arm
    Economic Woes in Greece, China Endanger US Growth - Federal Reserve Chair
    Russian Lawmakers Propose to Lift Food Ban for Greece
    Financing Sources of $38.5-Bln Investment Package for Greece Revealed
    creditors, gathering, scientists, government, crisis, policy, World Bank, Joseph Stiglitz, Greece
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik