Joseph Stiglitz: Nationalized Banks Are "Only Answer"

Friday 06 February 2009 by: Deutsche Welle

Nationalized banks are the "only answer," economist Stiglitz says. In an interview with Deutsche Welle, Nobel-winning economist Joseph Stiglitz talks about nationalizing banks, the outlook for developing countries, and the need for an international financial regulator.


DW-WORLD: Many experts fear that while things are bad now, we haven't seen the worst of the crisis yet. Do you share the belief that we are facing a long decline that could rival the Great Depression?

Read More on this interview By Deutsche Welle HERE

Art Work From: The Financial Times