Nobel Laureate Joseph Stiglitz on the Euro
In 2010, the 2008 global financial crisis morphed into the eurocrisis. It has not abated. The 19 countries of Europe that share the euro currencythe eurozonehave been rocked by economic stagnation and debt crises. Some countries have been in depression for years while the governing powers of the eurozone have careened from emergency to emergency, most notably in Greece.
In his new book The Euro, Nobel Prizewinning economist and best-selling author Joseph E. Stiglitz dismantles the prevailing consensus around what ails Europe, demolishing the champions of austerity while offering a series of plans that can rescue the continentand the worldfrom further devastation.
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