Euro: And its Threat to the Future of Europe

Designed to bring Europe 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 actively promotes divergence rather than convergence.