Stiglitz supports Renzi privatization view

(AGI) Rome, Oct 2 - In an editorial in Les Echos, JosephStiglitz, voiced approval for Prime Minister Matteo Renzi'scaution on privatization. Entitled, 'Why Rigour is not goodeconomic policy' the Nobel Prize winner, who has been quoted atlength by the PD leadership, criticizes theories of austerityand citing the Italian example, says they "encourage Italy toaccelerate privatization. But Prime Minister Matteo Renzi isright to say that selling the country's assets makes no sense.Long-term considerations and not short-term financial needsmust decide what sectors need to be privatized." . .