UN Votes On Global Bankruptcy Process As Key Greek Questions Remain Unasked

As the UN voted to approve global bankruptcy principles for sovereign debt passed Tuesday – and economist Joseph Stiglitz delivered a key note speech with some harsh words for the Greek deal – the questions that are being whispered in UN and IMF corridors most commonly center on “why?” Stiglitz questions sustainability of Greek deal as behind the scenes question being asked is “why?” With a Greek delegation attending the UN bankruptcy process meeting for the first time, they looked on as both on and off the record debate wondered why Greece accepted the deal they did? As Joseph Stiglitz…