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The Euro: How a Common Currency Threatens the Future of Europe

Joseph E. Stiglitz
3.81/5 (1101 ratings)
Read Now Download Now
The euro was supposed to bring Europe closer together and promote prosperity; in fact, it has done just the opposite. The 2008 crisis revealed the shortcomings of the euro, and Europe’s stagnation and bleak outlook are a direct result of the fundamental flaws inherent in the EU project—economic integration outpacing political integration with a structure that promotes divergence rather than convergence. The question then is: Can the euro be saved?


Laying bare the European Central Bank’s misguided inflation-only mandate, and explaining why austerity has condemned Europe to unending stagnation, Joseph E. Stiglitz outlines three possible ways forward: fundamental reforms in the structure of the Eurozone and the policies imposed on the member countries suffering the most; a well-managed end to the European Union; or a bold, new system dubbed the “flexible euro.” With its lessons for globalization in a world economy ever more deeply connected, The Euro is urgent and essential reading.
Format:
Pages:
pages
Publication:
Publisher:
Edition:
First Edition
Language:
ISBN10:
039325402X
ISBN13:
9780393254020
kindle Asin:
B015TDWSCU

The Euro: How a Common Currency Threatens the Future of Europe

Joseph E. Stiglitz
3.81/5 (1101 ratings)
Read Download
The euro was supposed to bring Europe closer together and promote prosperity; in fact, it has done just the opposite. The 2008 crisis revealed the shortcomings of the euro, and Europe’s stagnation and bleak outlook are a direct result of the fundamental flaws inherent in the EU project—economic integration outpacing political integration with a structure that promotes divergence rather than convergence. The question then is: Can the euro be saved?


Laying bare the European Central Bank’s misguided inflation-only mandate, and explaining why austerity has condemned Europe to unending stagnation, Joseph E. Stiglitz outlines three possible ways forward: fundamental reforms in the structure of the Eurozone and the policies imposed on the member countries suffering the most; a well-managed end to the European Union; or a bold, new system dubbed the “flexible euro.” With its lessons for globalization in a world economy ever more deeply connected, The Euro is urgent and essential reading.
Format:
Pages:
pages
Publication:
Publisher:
Edition:
First Edition
Language:
ISBN10:
039325402X
ISBN13:
9780393254020
kindle Asin:
B015TDWSCU

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