Euro and It’s Threat to the Future of Europe
In 2010, the 2008 global financial crisis morphed into the ‘euro crisis’. It has not abated. The 19 countries of the Eurozone have been rocked by economic stagnation and debt crises. Some of them have been in depression for years while the governing powers of the Eurozone have careened from emergency to emergency, most notably in Greece. Hailed by its architects as a lever that would bring Europe together and promote prosperity, the common currency has actually done the opposite.
In The Euro, Nobel prize winning economist and bestselling author Joseph E. Stiglitz dismantles the prevailing consensus around what ails Europe, demolishing the champions of austerity while offering a series of plans that can rescue the continent from further devastation.
Author: Joseph Stiglitz
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