000 03036nam a22002418i 4500
999 _c101286
_d101286
001 017651612
003 Uk
005 20161221132821.0
008 161221s2016 enka 001|0 eng|d
020 _a9780241258156 : (hbk.)
040 _aStDuBDS
_beng
_cStDuBDS
_erda
_dIeDuRDS
082 _a332.494
_223
100 1 _aStiglitz, Joseph E.
_999031
245 1 4 _aThe euro :
_band its threat to the future of Europe /
_cJoseph E. Stiglitz.
260 _aLondon :
_bAllen Lane,
_c2016.
300 _axxix, 454 p. :
_c24 cm.
520 _aFrom 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 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? Laying bare the European Central Bank's 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; or a bold, new system dubbed 'the flexible euro.' This important book, by one of the world's leading economists, addresses the euro-crisis on a bigger intellectual scale than any predecessor. (copac)
650 0 _aEuro.
_9118832
650 0 _aMonetary policy
_zEuropean Union countries.
_9118833
651 0 _aEuropean Union countries
_xEconomic integration.
_9118834
651 0 _aEuropean Union countries
_xEconomic conditions.
_9118835
942 _2ddc
_cLEN