Joseph Stiglitz and Hugh Hendry Debate About Greece Bailout (Video)

Economist/Professor Joseph Stiglitz and Hugh Hendry (Eclectica Asset Management) debate about a Greece bailout on BBC.  Hugh Hendry thinks Greece should default on their debt, take a haircut and start over.  Stiglitz says give them aid and they will bring down the deficit.  Two very different perspectives.  We all know there's no chance of default (or is there...). Also watch Marc Faber, Hugh Hendry and Nassim Taleb debate at the 2010 Russia Forum.  Stiglitz recently said there was NO WAY the U.S, Greece or UK would default. By the way unions are striking in Greece: Berlin Considers Greek Bailout as Unions Strike (Spiegel).

I originally found this at Business Insider.

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