Experience Stern | News & Events

Excerpt from CNN -- "First of all, it's unrealistic to write off the [Greek] debt because if Greece receives an extra dollar, this dollar will have to be paid by the taxpayers of the other countries and I don't see any European leader who's going to impose on his taxpayers a gift that he is going to give to Greece. I also don't think that this is the main problem of Greece. Although the present government was elected saying that, the real problem of Greece is being able to deal with the conditions that have been imposed through austerity and not so much on the issue of debt... The most important thing is for Greece to grow and I'm afraid that the present government has, in general, an anti-business attitude which will not attract growth and will not reduce unemployment."

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Additional coverage appeared on Bloomberg.