SOCIAL SCIENCES

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

by Joseph E. Stiglitz
Norton. Aug. 2016. 304p. illus. notes.index. ISBN 9780393254020. $28.95; ebk. ISBN 9780393254037. ECON
COPY ISBN
According to Nobel Prize-winning economist Stiglitz (economics, Columbia Univ.; The Great Divide), the creation of a single currency, the euro, for the European Union (EU) was a mistake. This book details both the problems as well as potential solutions. The 2008 financial crisis tested global economies, and in Europe, economics and politics remained out of sync, without sufficient structures in place to accommodate the economic diversity of the EU member countries. The first three parts of the text look at the issues, in both policy and structure, of a single currency for such diverse member nations, while the final section offers viable options for moving forward, including reforms, a more flexible single currency, or eliminating the euro altogether.
VERDICT Stiglitz does not provide a history of the euro or the EU, but rather focuses on the economic implications and alternatives to the euro as it is today and could be in the future. This title will appeal to those with an interest in economics and politics.
Reviewed by Elizabeth Nelson, McHenry Cty. Coll. Lib., Crystal Lake, IL , Aug 01, 2016
Comment Policy:
  • Be respectful, and do not attack the author, people mentioned in the article, or other commenters. Take on the idea, not the messenger.
  • Don't use obscene, profane, or vulgar language.
  • Stay on point. Comments that stray from the topic at hand may be deleted.
  • Comments may be republished in print, online, or other forms of media.
  • If you see something objectionable, please let us know. Once a comment has been flagged, a staff member will investigate.

RELATED 

NONFICTION

Rolling: Blackness and Mediated Comedy
NONFICTION

1217: The Battles That Saved England
by Hanley, Catherine
NONFICTION

Belonging Without Othering: How We Save Ourselves and the World
by Powell, John A. & Stephen Menendian
REFERENCE

Critical Insights: Power & Corruption
REFERENCE

Current Biography Yearbook 2023
NONFICTION

Birds Aren’t Real: The True Story of Mass Avian Murder and the Largest Surveillance Campaign in US History
by McIndoe, Peter & Connor Gaydos
More
ALREADY A SUBSCRIBER?

We are currently offering this content for free. Sign up now to activate your personal profile, where you can save articles for future viewing

ALREADY A SUBSCRIBER?