Editing Joseph Stiglitz (section)

===Greek debt crisis===
In 2010, Stiglitz acted as an advisor to the [[Government of Greece|Greek government]] during the [[Greek debt crisis]]. He appeared on [[Bloomberg Television|Bloomberg TV]] for an interview on the risks of Greece defaulting, in which he stated that he was very confident that Greece would not default. He went on to say that Greece was under "speculative attack" and though it had "short-term liquidity problems ... and would benefit from Solidarity Bonds", the country was "on track to meet its obligations".<ref>{{Cite news|date=2010-06-01|title=Euro Likely to Survive Debt Crisis, Stiglitz Says|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2010-06-01/euro-likely-to-survive-continent-s-debt-crisis-nobel-winner-stiglitz-says|access-date=2021-02-17}}</ref>

The next day, during a BBC interview, Stiglitz stated that "there's no problem of Greece or Spain meeting their interest payments". He argued nonetheless, that it would be desirable and needed for all of Europe to make a clear statement of belief in social solidarity and that they "stand behind Greece". Confronted with the statement: "Greece's difficulty is that the magnitude of debt is far greater than the capacity of the economy to service", Stiglitz replied, "That's rather absurd".{{Citation needed|date=June 2015}}

In 2012, Stiglitz described the European austerity plans as a "suicide-pact".<ref name=Moore1>{{cite news|last=Moore|first=Malcolm|title=Stiglitz says European austerity plans are a 'suicide pact'|url=https://www.telegraph.co.uk/finance/financialcrisis/9019819/Stiglitz-says-European-austerity-plans-are-a-suicide-pact.html |archive-url=https://ghostarchive.org/archive/20220112/https://www.telegraph.co.uk/finance/financialcrisis/9019819/Stiglitz-says-European-austerity-plans-are-a-suicide-pact.html |archive-date=2022-01-12 |url-access=subscription |url-status=live|access-date=April 26, 2012|newspaper=Telegraph|date=Jan 17, 2012|location=London}}{{cbignore}}</ref> In 2015, he said that the programmer of austerity in Greece had been "an enormous mistake", that the International Monetary Fund, [[European Central Bank]] and the [[European Commission]] had "criminal responsibility for causing a major recession".<ref name="Time_2015">{{cite magazine |last1=Shuster |first1=Simon |title=Joseph Stiglitz to Greece's Creditors: Abandon Austerity Or Face Global Fallout |url=https://time.com/3939621/stiglitz-greece |access-date=24 April 2023 |magazine=Time |date=29 June 2015}}</ref> He argued that Greek debt should be written off.<ref name="Time_2015"/>