LISBON: Economy Nobel prize winner Joseph Stiglitz has recommended that Portugal should leave the European single monetary unit. In comments to Antenna 1 radio, the Columbia University professor said that remaining in the euro would bring Portugal problems in the future.
Stiglitz argued that the German policy of austerity would remain despite several arguments pointing to the contrary. He added that while Portugal would struggle initially in a hypothetical exit from the euro, it would allow the country to implement political and financial changes that would otherwise be impossible.
