The Euro How a Common Currency Threatens the Future of Europe [Paperback]

When Nobel Prizewinning economist Joseph E. Stiglitz posed this question in the original edition ofTerrificand clarifying.[Stiglitz]is surely right. Without a radical overhaul of its workings, the euro seems allbut certain to fail.Manyof Mr. Stiglitzs most damning observations are on target.Stiglitz lucidly and forcefully argues that [the euro] was an economic experiment of unprecedented magnitude.& [He] gives a detailed and persuasive list of measures that would help save the euro.Stiglitzs verdict is convincing.& We should brace ourselves, over the next few years, for what may be a difficult economic divorce.Much more than a demolition job. These chapters are full of constructive proposalsa glimpse of what the rescues would have looked like had the troika, perish the thought, hired their critic Stiglitz to design them.Cogent.& Stiglitzs prescription is compelling.The euro is a modern tragedy.&As its embarrassments have mounted, its supporters club has teemed with political romantics and Europhile journalists. Stiglitzs message to such people is that they are inadvertently destroying what they most cherish.Stiglitz seeks to salvage the Eurozone experiment and the future of globalized Europe. And not a moment too soon!Stiglitz argues with his customary force and lucidity that adopting a single European currency was a fatal error.The Nobel Prizewinning economist andbest-selling author explains why savingEurope may mean abandoning the euro.