By Jonathan Broder (original source Newsweek)
Nobel prize-winning economist and former chief economist of the World Bank Joseph Stiglitz has predicted “depression without end” if the austerity programme in Greece continues and called on the US to be “generous with our friends in Greece” as it once was generous with Germany after the Second World War.
Writing in Time magazine Stiglitz calls on Germany and the US to remember the past and claims that Germany has engaged in “propaganda” by portraying Greece not sympathetically but as “a long-failed state that refuses to go along with the minimal conditions demanded in return for generous aid.”
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