The Euro: And its Threat to the Future of Europe.pdf

The Euro: And its Threat to the Future of Europe

Joseph Stigbitz


From Nobel Prize-winning economist and best-selling author Joseph Sitglitz, author of Globalization and Its Discontents, this is the essential, must-read guide to the future of Europe. 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 Europes 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? Laying bare the European Central Banks misguided inflation-only mandate and explaining why austerity has condemned Europe to unending stagnation, Stiglitz outlines the fundamental reforms necessary to the structure of the eurozone and the policies imposed on the member countries suffering the most. But the same lack of sufficient political solidarity that led to the creation of a flawed euro twenty years ago suggests that these reforms are unlikely to be adopted. Hoping to avoid the huge costs associated with current policies, Stiglitz proposes two other alternatives: a well-managed end to the common currency

His previous CER publications include: (as co-author) 'Europe's future in an age of austerity' ... An historical parallel highlights the risks of the eurozone's current. 29 Jun 2016 ... Unemployment in the United Kingdom has fallen to 5 percent, its lowest level in a decade. ... Brexit wasn't great news for the future of the EU. ... Central banks like the US Federal Reserve and the European Central Ba...

3.21 MB Tamaño del archivo
9780241258156 ISBN
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The Euro: And its Threat to the Future of Europe.pdf

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Notas actuales

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Sofi Voighua

The Euro: and its threat to Europe [Audio] by LSE Podcasts published on 2016-09-01T06:25:14Z Speaker(s): Professor Joseph Stiglitz | In his new book The Euro: And its Threat to Europe, Nobel Prize-winning economist and bestselling author Joseph Stiglitz argues that saving Europe may mean abandoning the Euro.

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Mattio Mazios

The Euro and Its Threat to the Future of Europe, by Joseph Stiglitz Book of the week: The decision process behind the euro has left the EU in an untenable position, says Lucia Quaglia September 1, 2016 The coronavirus pandemic threatens the future of the eurozone by creating huge economic divisions between its 19-member states during what is expected to be the deepest recession since the Great

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Noe Schulzzo

The Euro and Its Threat to the Future of Europe, by Joseph Stiglitz Book of the week: The decision process behind the euro has left the EU in an untenable position, says Lucia Quaglia September 1, 2016 The coronavirus pandemic threatens the future of the eurozone by creating huge economic divisions between its 19-member states during what is expected to be the deepest recession since the Great

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Jason Statham

...author of Globalization and Its Discontents, this is the essential, must-read guide to the future of Europe. Since 2008, however, the European Union has ricocheted between stagnation and crisis. '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 ...

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Jessica Kolhmann

İktisadi Kalkınma Vakfı tarafından 23/02/2018 tarihinde (2 yıl önce) saat 16:02'de oluşturuldu. The Euratom Treaty Consolıdated Versıon. The Euro And The Battle Of Ideas.