Re: Re: An anonymous tip-off regarding Spanish GDP…

#101008
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Some interesting comments here from the great economic oracle Joseph Stiglitz.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8039041/Joseph-Stiglitz-the-euro-may-not-survive.html

I like the idea that Germany should leave the Euro to allow the PIIGS to recover from a market currency devaluation. His comments about Spain are gloomy indeed.
Ambrose Prichard believes the IMF and ECB are writing off the PIIGS as a basket case. I agree.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8039789/IMF-admits-that-the-West-is-stuck-in-near-depression.html