Economist Joseph Stiglitz: 'Europe is on the brink'


In an interview with Mediapart the celebrated Nobel Prize winner for economics, Joseph Stiglitz, says he is worried about the continuing pursuit of austerity policies in the Eurozone. The economist say he is concerned, too, about President Donald Trump's policies and the explosion in inequality since the financial crisis of 2008. More than ever, he tells Mediapart, there is a need for wages to rise, for better regulation of the financial world and for a war on huge “monopolies”. Mathieu Magnaudeix reports.


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On Tuesday September 4th, some ten years after the start of the 2008 financial crisis, a gathering took place in New York which included members of ICRICT, the Independent Commission for the Reform of International Corporate Taxation, which was set up ten years ago and which among others things wants to change the tax system for multinationals. Leading economists and supporters of greater financial regulation also took part in the meeting. Among them were French economist Gabriel Zucman, an assistant professor of economics at University of California, Berkeley, the French green Member of the European Parliament Eva Joly and Indian economist Jayati Ghosh, who came to voice her fears that the emerging countries' debt bubble might “burst soon, perhaps this year”.