The euro and its threat to the future of Europe
Stiglitz, Joseph E.2016
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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 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.'
Main title:
The euro and its threat to the future of Europe / Joseph E. Stiglitz.
Author:
Stiglitz, Joseph E., author
Imprint:
UK : Allen Lane, 2016.
Collation:
xxix, 454 pages ; 24 cm
Notes:
Includes bibliographical references and index.
Audience:
Specialized.
ISBN:
9780241258156 (hbk)
Dewey class:
332.4'94
Language:
English
Subject:
BRN:
33820
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