Europe Pushed to ‘Suicide’ on Austerity, Stiglitz Says

Nobel Prize-winning economist Joseph Stiglitz said Europe is in a “dire” situation as a focus on austerity pushes the continent toward “suicide.”

“There has never been any successful austerity program in any large country,” Stiglitz, 69, told reporters in Vienna yesterday. “The European approach definitely is the least promising. I think Europe is headed to a suicide. ”