Apparently, the Greek government has called in the big hitters to help them with their fiscal dilemma. Joseph Stiglitz has been advising the government and his first analysis is to state that the austerity plan will likely stifle the country’s growth. The 2001 Nobel Peace Prize winner said that without balancing measures to stimulate the economy — such as development funds and other ways to increase liquidity — the deficit reduction could slow growth according to the WSJ.

“Slower growth could in turn lead to lower tax revenues and end up increasing the budget deficit. “I would give a strong … …READ MORE