Telegraph.co.uk By Jamie Dunkley Published: 6:55AM BST 08 Sep 2010 The European Union risks prolonging the global economic downturn if its largest members insist on using austerity measures to cut their budget deficits, a leading economist has warned. Joseph Stiglitz, who won the Nobel Prize for Economics in 2001, said the use of deep spending [...]
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Austerity cutbacks are an economic ‘disaster’, Nobel Prize winner Joseph Stiglitz warns
Posted on 08 September 2010
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