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Greek referendum divides Nobel economists

Joseph E. Stiglitz, Ph.D

By Michael Knigge (original source DW)

“The escalating Greek debt crisis has top economists take opposing views on how they would vote in the upcoming referendum called by Athens for next Sunday. Three Nobel economic laureates took to the media in the past two days to explain their views on what has been called the ‘Greferendum.’

Joseph Stiglitz, in a piece for The Guardian, analyzed the economic circumstances surrounding the call for a national vote before weighing both options. “It is hard to advise Greeks how to vote on July 5. Neither alternative – approval or rejection of the troika’s terms – will be easy, and both carry huge risks,” he wrote.”

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