Joseph Stiglitz: Germany undermining Europe

Speaking to the French News Agency, Sunday, American Nobel laureate Joseph Stiglitz blasted Germany for undermining the European vision by showing a lack of solidarity towards Greece. “You cannot run a Eurozone without a basic modicum of solidarity”, said the Columbia University Professor. He continued by pointing out that asking even more from Greece is ‘unconscionable’. He criticized European leaders and the West for accusing Greece for failing to collect tax when it was the tax systems supported by those same leaders, he claimed, that allowed tax evasion. According to Oxfam International tax rules permit large companies to avoid tax. “The West has created a framework for global tax avoidance”, he stated.