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Fri 10 Oct 2009Fairness needed when dealing with crisis, says Stiglitz
A POLICY aimed at restoring Ireland’s competitiveness through wage cuts requires an emphasis on fairness, according to the Nobel Prize-winning economist Joseph Stiglitz.
In an interview with The Irish Times, he said one of the most successful countries in dealing with the current global crisis was Iceland, because it hadn’t invested taxpayers’ money in its banks in the way Ireland is doing, and could devalue its currency.
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