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

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

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Paperback 512 Pages / Published: 28/11/2017
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Solidarity and prosperity fostered by economic integration: this principle has underpinned the European project from the start, and the establishment of a common currency was supposed to be its most audacious and tangible achievement.

Since 2008, however, the European Union has ricocheted between stagnation and crisis. The inability of the eurozone to match the recovery in the USA and UK has exposed its governing structures, institutions and policies as dysfunctional and called into question the viability of a common currency shared by such different economies as Germany and Greece.

Designed to bring the European Union 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 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 then is: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.

Publisher: Penguin Books Ltd
ISBN: 9780141983240
Number of pages: 512
Weight: 351 g
Dimensions: 198 x 129 x 22 mm


"Highly readable ... passionately written ... this important book will unnerve millions." - Sunday Telegraph

"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

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

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“An Economist who recognises the plight of the poor”

Much has been written about the Greek debt crisis. Yanis Varoufakis Is passionat about this from his unique position as an insider (see “And the Weak Suffer What They Must?”). In this book, Joseph Stiglitz addresses... More

Paperback edition
19th November 2017
Helpful? Upvote 26

“Bought for my grandson”

Haven't read it but my grandson was thrilled to get it.

Hardback edition
12th January 2017
Helpful? Upvote 22

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