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Joseph Stiglitz: how I would vote in the Greek referendum http://www.theguardian.co... http://i.guim.co.uk/img/s...
Joseph Stiglitz: how I would vote in the Greek referendum http://www.theguardian.co... http://i.guim.co.uk/img/s...
1 decade ago
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"It is hard to advise Greeks how to vote on 5 July. Neither alternative – approval or rejection of the troika’s terms – will be easy, and both carry huge risks. A yes vote would mean depression almost without end. Perhaps a depleted country – one that has sold off all of its assets, and whose bright young people have emigrated – might finally get debt forgiveness; perhaps, having shrivelled into a middle-income economy, Greece might finally be able to get assistance from the World Bank. All of this might happen in the next decade, or perhaps in the decade after that."
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