Joseph Stiglitz | August 30 | Croatia Week

U.S. economist Joseph Stiglitz, who won the Nobel Memorial Prize in Economic Sciences in 2001, said on Saturday that he believed that Croatia should not introduce the euro as its official currency, since this move would reduce the country’s flexibility in responses to economic crises.

Stiglitz, who is one of the participants in the ongoing European Forum Alpbach in that Austrian city, was answering questions during a news conference on Saturday afternoon, and when asked whether Croatia should adopt the euro, he answered in the negative.

“Absolutely, no,” said this former chief economist of the World Bank.

Originally published by Croatia Week. Read more here.