The Euro
And its Threat to the Future of Europe
(Paperback)

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Designed to bring Europe closer together, the euro has actually done the opposite: after nearly a decade without growth, unity has been replaced with dissent and enlargements with prospective exits. Joseph Stiglitz argues that Europe's stagnation and bleak outlook are a direct result of the fundamental flaws inherent in the euro project - economic integration outpacing political integration with a structure that actively promotes divergence rather than convergence. Money relentlessly leaves the weaker member states and goes to the strong, with debt accumulating in a few ill-favoured countries. The question now 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, 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 euro; or a bold, new system he dubs the 'flexible euro;. This important book, by one of the world's leading economists, addresses the euro-crisis on a bigger intellectual scale than any predecessor.

Can the Euro be saved? Should it be?

Nobel prize-winning economist Joseph E. Stiglitz dismantles the prevailing consensus around what ails Europe - arguing that economic stagnation is a direct result of the Euro's flawed birth, demolishing the champions of austerity and offering solutions that can rescue the continent from further devastation.

'Stiglitz could hardly have timed The Euro better ... one of those economists with a rare ability to help readers understand complex ideas' Philip Aldrick, The Times

'Original, hard-hitting ... Much more than a demolition job. These chapters are full of constructive proposals' Martin Sandbu, Financial Times

'Terrific and clarifying' Peter Goodman, The New York Times

'Coolly analytical ... he is surely right: without a radical overhaul of its workings, the Euro seems all but certain to fail' Economist

AuthorJoseph Stiglitz
BindingPaperback
EAN9780141983240
FormatImport
ISBN0141983248
Height780 mm
Length508 mm
Width87 mm
LanguageEnglish
Language TypePublished
Number Of Pages512
Product GroupBook
Publication Date2017-11-28
PublisherPenguin
StudioPenguin
Sales Rank171965

Bestsellers in Economic History

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General information about The Euro: And its Threat to the Future of Europe
  • The author associated with The Euro: And its Threat to the Future of Europe is Joseph Stiglitz.
  • The EAN for The Euro: And its Threat to the Future of Europe is 9780141983240.
  • The format for The Euro: And its Threat to the Future of Europe is Import.
  • The ISBN for The Euro: And its Threat to the Future of Europe is 0141983248.
  • The height for The Euro: And its Threat to the Future of Europe is 780 mm.
  • The length for The Euro: And its Threat to the Future of Europe is 508 mm.
  • The width for The Euro: And its Threat to the Future of Europe is 87 mm.
  • The language for The Euro: And its Threat to the Future of Europe is English.
  • The binding of The Euro: And its Threat to the Future of Europe is Paperback.
  • The number of pages for The Euro: And its Threat to the Future of Europe are 512.
  • The Euro: And its Threat to the Future of Europe is grouped in Book group of products.
  • The publication date for The Euro: And its Threat to the Future of Europe is 2017-11-28.
  • The publisher for The Euro: And its Threat to the Future of Europe is Penguin.
  • The producer for The Euro: And its Threat to the Future of Europe is Penguin.
  • The sales rank for The Euro: And its Threat to the Future of Europe is 171965.
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