Joseph Stiglitz: Backing Greece into a corner serves no one

Greece has met its creditors’ demands more than halfway. Europe and the troika should now abandon damaging demands and work with Greece for all our sakes, says Joseph Stiglitz.

European Union leaders continue to play a game of brinkmanship with the Greek government.

Greece has met its creditors’ demands far more than halfway. Yet Germany and Greece’s other creditors continue to demand that the country sign on to a programme that has proven to be a failure, and that few economists ever thought could, would, or should be implemented.