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

Business & Finance, Economics, Money & Monetary Policy, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy, International, International Relations
Cover of the book The Euro: How a Common Currency Threatens the Future of Europe by Joseph E. Stiglitz, W. W. Norton & Company
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Author: Joseph E. Stiglitz ISBN: 9780393254037
Publisher: W. W. Norton & Company Publication: August 16, 2016
Imprint: W. W. Norton & Company Language: English
Author: Joseph E. Stiglitz
ISBN: 9780393254037
Publisher: W. W. Norton & Company
Publication: August 16, 2016
Imprint: W. W. Norton & Company
Language: English

The Nobel Prize–winning economist and best-selling author explains why saving Europe may mean abandoning the euro.

When Nobel Prize–winning economist Joseph E. Stiglitz posed this question in the original edition of The Euro, he lent much-needed clarity to a global debate that continues to this day. The euro was supposed to unify Europe and promote prosperity; in fact, it has done just the opposite. To save the European project, the euro may have to be abandoned. Since 2010, many of the 19 countries of Europe that share the euro currency—the eurozone—have been rocked by debt crises and mired in lasting stagnation, and the divergence between stronger and weaker economies has accelerated. In The Euro, Joseph E. Stiglitz explains precisely why the eurozone has performed so poorly, so different from the expectations at its launch: at the core of the failure is the structure of the eurozone itself, the rules by which it is governed. Stiglitz reveals three potential paths forward: drastic structural reforms, not of the individual countries, but of the eurozone; a well-managed dissolution of the euro; or a bold new system dubbed the “flexible euro.” With trenchant analysis—and brand new material on Brexit—The Euro is urgent and timely reading.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The Nobel Prize–winning economist and best-selling author explains why saving Europe may mean abandoning the euro.

When Nobel Prize–winning economist Joseph E. Stiglitz posed this question in the original edition of The Euro, he lent much-needed clarity to a global debate that continues to this day. The euro was supposed to unify Europe and promote prosperity; in fact, it has done just the opposite. To save the European project, the euro may have to be abandoned. Since 2010, many of the 19 countries of Europe that share the euro currency—the eurozone—have been rocked by debt crises and mired in lasting stagnation, and the divergence between stronger and weaker economies has accelerated. In The Euro, Joseph E. Stiglitz explains precisely why the eurozone has performed so poorly, so different from the expectations at its launch: at the core of the failure is the structure of the eurozone itself, the rules by which it is governed. Stiglitz reveals three potential paths forward: drastic structural reforms, not of the individual countries, but of the eurozone; a well-managed dissolution of the euro; or a bold new system dubbed the “flexible euro.” With trenchant analysis—and brand new material on Brexit—The Euro is urgent and timely reading.

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