Draghi's `Whatever It Takes' Was Confidence Trick, Stiglitz Says

Nobel prize-winning economist and professor of economics at Columbia University Joseph Stiglitz. Photographer: David Paul Morris/Bloomberg

Joseph Stiglitz, the Nobel-prize-winning economist, said that Mario Draghi’s 2012 pledge to shield the euro zone only papered over the cracks that are caused by the faulty design of the currency bloc.

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