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

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

by Joseph E. Stiglitz

Editeur : Norton, W. W. & Company, Inc.
ISBN: 9780393254037
Broché: 304
Télécharger les formats: pdf, ePub, mobi, fb2
Taille du fichier: 8 Mb
Date d'affichage: 2020-09-19
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La description:

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