“Loans are useless, you need grants to get out of the crisis.” Word of Stiglitz

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“Loans are useless, you need grants to get out of the crisis.” So the Nobel Prize for Economics Joseph Stiglitz in La Stampa. “It is worrying to think that there are still some countries in Europe that want to impose conditions on assistance – he notes – countries that think preferring to provide loans rather than other forms of aid”.
“The point is that the aid decided by Brussels must be really such and not loans that would aggravate the situation of a country already grappling with a major deficit – he notes – if someone flaunts the principle of solidarity at the institutional level, he must then demonstrate it with the facts. Any technician with common sense would say that money must be given to Italy without a doubt, but these countries say that the EU must not do this type of operation. So you go back to the starting point ”.
“It is worrying to think that there are still some countries in Europe that want to impose unfair conditions on assistance.
Here it is a question of putting the economy of states heavily affected by the coronavirus back on its feet, with serious repercussions from the health and economic point of view – he still says – some of which already had problems of recovery and growth before this terrible crisis, I think precisely to Italy but also to Spain “.





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