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The euro: how a common currency threatens the future of Europe

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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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9780393254020
9780393254037
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Grouping Information

Grouped Work ID44817873-3fc3-250e-4b52-f3a036d1066e
Grouping Titleeuro how a common currency threatens the future of europe
Grouping Authorjoseph e stiglitz
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2021-07-25 03:35:17AM
Last Indexed2021-07-25 04:11:49AM
Novelist Primary ISBN9780393254020

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display_description

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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subject_facetCurrency question -- European Union countries
Euro
Europe -- Economic integration
European Union
European federation
Financial crises -- European Union countries
Monetary policy -- European Union countries
title_displayThe euro : how a common currency threatens the future of Europe
title_fullThe Euro How a Common Currency Threatens the Future of Europe
The euro : how a common currency threatens the future of Europe / Joseph E. Stiglitz
title_shortThe euro
title_subhow a common currency threatens the future of Europe
topic_facetBusiness
Currency question
Economic integration
Euro
European federation
Financial crises
Monetary policy
Nonfiction
Politics