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Nobel Winner Shiller Joins Pimco in Saying Buy Greek Assets

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Investors who have wiped 15 percent off the value of Greek stocks since voters elected a government determined to renegotiate the country’s debts may be overreacting, according to Nobel Prize-winning economist Robert Shiller.

“Investing in Greece right now just might not feel right,” the Yale University economist said Tuesday in London. The price of Greek stocks is “below anything I’ve seen in the U.S. and suggests a spectacular investment,” he said.