Bài viết với tiêu đề như vậy trên Times mở đầu như sau:
I was reading the ever-fascinating Martin Wolf in The Financial Times the other day as he bluntly laid out the stark choices facing Europe's great experiment with the euro:
The eurozone, as designed, has failed. It was based on a set of principles that have proved unworkable at the first contact with a financial and fiscal crisis. It has only two options: to go forwards towards a closer union or backwards towards at least partial dissolution.
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ReplyDeleteEuro vs. Invasion of the Zombie Banks
http://www.nytimes.com/2011/04/17/business/17view.html?scp=1&sq=Euro%20vs.%20Invasion%20of%20the%20Zombie%20Banks&st=cse
Joseph Stiglitz: the euro may not survive on The Telegraph, Oct. 2, 2010
ReplyDeletehttp://www.telegraph.co.uk/finance/financialcrisis/8039041/Joseph-Stiglitz-the-euro-may-not-survive.html
Can the Euro be Saved? by Joseph E. Stiglitz on Project Syndicate, May 5, 2010
http://www.project-syndicate.org/commentary/stiglitz125/English
Stiglitz sees bleak future for euro from New Malaise, 04 Oct 2010 http://www.telegraph.co.uk/finance/financialcrisis/8041909/Joseph-Stiglitz-sees-bleak-future-for-euro-as-New-Malaise-takes-hold.html
ReplyDeleteGreek crisis: Stiglitz urges attack on speculators, 8 Feb 2010 http://www.telegraph.co.uk/finance/economics/7191113/Greek-crisis-intensifies-as-Joe-Stiglitz-calls-for-Europe-to-teach-the-speculators-a-lesson.html
Greek crisis: Stiglitz urges attack on speculators, 8 Feb 2010
ReplyDeleteStiglitz sees bleak future for euro from New Malaise, 04 Oct 2010
ReplyDeleteEuro vs. Invasion of the Zombie Banks
ReplyDeleteJoseph Stiglitz: the euro may not survive;
ReplyDeleteThe Telegraph, Oct. 2, 2010
Can the Euro be Saved? by Joseph E. Stiglitz. Project Syndicate; May 5, 2010.
ReplyDeleteJoseph Stiglitz: the euro may not survive;
ReplyDeleteThe Telegraph, Oct. 2, 2010
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The former chief economist of the World Bank and a Nobel prize winner also predicted that short-term speculators in the market could soon start putting pressure on Spain, which is struggling with a large deficit and high unemployment. Last week, Moody's cut the country's credit rating from AAA to Aa1.
The former adviser to President Bill Clinton also says that the banking sector has gone back to "business as usual" too quickly and that there are still risks of another financial crisis despite some improvements in regulation.
Mr Stiglitz, now a professor at Columbia Business School, makes the arguments in an updated edition of his book, Freefall, on the credit crunch. In the new material, exclusively extracted in today's Sunday Telegraph, he reveals fears that governments around the world will attempt to cut their deficits too quickly and risk a double dip recession.
Tomorrow, George Osborne will outline the Government's latest plans for multi-billion pound public sector cuts to tackle the historically-high UK deficit. He has faced criticism that the Coalition is in danger of cutting too hard and too fast but the Chancellor has said that without a credible programme for getting the UK economy into balance, interest rates will rise and growth will be choked off.
"The worry is that there is a wave of austerity building throughout Europe and even hitting America's shores," Mr Stiglitz said. "As so many countries cut back on spending prematurely, global aggregate demand will be lowered and growth will slow – even perhaps leading to a double-dip recession.