France 'intimidated' by Germany on economic policy: Stiglitz

Nobel prize-winning US economist Joseph Stiglitz gestures as speaks during an interview in Paris on August 31, 2015France has been intimidated by Germany into pursuing an economic policy that isn’t working, Nobel prize-winning economist Joseph Stiglitz told AFP in an interview on Monday. “There is a kind of intimidation,” Stiglitz, an outspoken opponent of austerity policy, said of the influence of Germany over the economic policy pursued by President Francois Hollande. Stiglitz also said he agreed with former Greek finance minister Yanis Varoufakis that Germany’s intransigence against Athens was aimed at striking fear in Paris and convincing the French government to continue austerity policies.

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