January 10th, 2013

Jeffrey Sachs proposes a master plan for the world economy

“It’s not my job to make the politicians happy”

US economist Jeffrey Sachs proposes a master plan for the world economy: forgive Greece’s debt, make Southern Europe more like Germany, raise taxes in America.

ZEIT ONLINE: The US will run into the next fiscal stand-off in a few weeks. In Europe, none of the crisis countries will manage to keep its budget deficit in check this year. Is Germany surrounded by fools?

Jeffrey Sachs: Well, Germany’s Northern neighbors, the Scandinavian countries and the Netherlands, have a sensible economic policy, as has Germany. But the situation in Southern Europe is definitely poor, and in the US it is poor to mediocre.

Read full article at Zeit Online

 

Related Articles:

Comments

Previous post:

Next post: