The Euro: How a Common Currency Threatens the Future of Europe

 
9780393254020: The Euro: How a Common Currency Threatens the Future of Europe
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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 E. 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. With its lessons for globalization in a world economy ever more deeply connected, The Euro is urgent and essential reading."

Über den Autor:

Joseph E. Stiglitz is a Nobel Prize-winning economist and the best-selling author of The Price of Inequality, Freefall, and Globalization and Its Discontents. He is a columnist for the New York Times and Project Syndicate and has written for Vanity Fair, Politico, The Atlantic, and Harper's. He teaches at Columbia University and lives in New York City.

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Joseph E. Stiglitz
Verlag: Norton & Company Aug 2016 (2016)
ISBN 10: 039325402X ISBN 13: 9780393254020
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Buchbeschreibung Norton & Company Aug 2016, 2016. Buch. Buchzustand: Neu. 241x161x45 mm. Neuware - 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 Europes 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 Banks misguided inflation-only mandate and explaining why austerity has condemned Europe to unending stagnation, Joseph E. Stiglitz outlines three possible ways forward: fundamental reforms in the structure of the Euro zone 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. With its lessons for globalisation in a world economy ever more deeply connected, The Euro is urgent and essential reading. 416 pp. Englisch. Artikel-Nr. 9780393254020

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