INFORMAÇÃO ASSIMÉTRICA

Osborne´s first Budget? Its wrong, wrong,wrong!
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Joseph Stiglitz, the Nobel prizewinner who predicted the global crisis, delivers his verdict on the Chancellor's first Budget and tells Paul Vallely it will take the UK deeper into recession and hit millions – the poorest – badly.

George Osborne will probably not be very bothered that there is a man who thinks he got last week's emergency Budget almost entirely wrong. But he should be. Because that man is a former chief economist at the World Bank who won the Nobel Prize for Economics for his work on why markets do not produce the outcomes which, in theory, they ought to.
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Governments should set up their own banks to restart lending to businesses and save struggling homeowners from repossession. "If the banks aren't lending, let's create a new lending facility to do that job," he says. "In the US, we gave $700bn to the banks; if we had used a fraction of that to create a new bank, we could have financed all the lending that was needed."
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Lê-se no Público que "a chanceler alemã, Angela Merkel, adiantou hoje que as 20 economias mais industrializadas do mundo (G20), reunidas no Canadá, acordaram reduzir para metade o seu défice até 2013."

Quanto a bancos do Estado, propostos por Stiglitz para ultrapassar a escassez de crédito, Portugal já tem um e o governo tem dois. Não consta, no entanto, que daí decorra maior liquidez a jorrar para quem quer crédito.

Quanto a este confronto entre prémios Nobel (pelo menos Stiglitz e Krugman) e vários colunistas financeiros, por um lado, e o G20, por outro, salienta-se a escolha do caminho mais difícil por estes últimos.

Não costuma ser assim.

Será que os primeiros não conhecem os dados todos?