Debt problems in both the United States and Europe represent the biggest risks for the global economy in 2013.
„In the outlook for 2013, the biggest risks for the global economy are in the US and in Europe,“ Stiglitz wrote in a guest column for the business daily Handelsblatt.
But „the real risk for the global economy lies in Europe,“ he warned. „Spain and Greece are in an economic depression with no hope for a recovery. The eurozone’s ‘fiscal pact’ is no solution.“
See on economictimes.indiatimes.com