Stiglitz Says Argentina Ruling Could Harm US Interests

Economist Joseph Stiglitz isn’t shy about his opinion on Argentina's default.

Stiglitz says America will suffer from Argentina’s Default

Saying “America will suffer, too,” Stiglitz touches on the issue discussed behind closed doors.  The US legal decision to rule against Argentina was a “travesty” that “will carry a high price,” he says, contrary to the assurances of the financial establishment.

It was not a decision backed by the Obama administration, but rather a court decision that is being called into question. The Obama administration had actually indicated their support for the Government of Argentina, indicating that the issue could...