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.
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Sunday, January 20, 2019
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