# The Euro

Canonical: https://www.bookquiver.com/joseph-e-stiglitz/the-euro/9780241258163

![The Euro](https://quivercdn.com/covers/penguin/joseph-e-stiglitz/the-euro_978-02-4125-816-3.jpg?v=2026-04-24%2012%3A08%3A04)

- Book: [The Euro](https://www.bookquiver.com/joseph-e-stiglitz/the-euro) ([The Euro.md](https://www.bookquiver.com/joseph-e-stiglitz/the-euro.md))
- Authors: [Joseph E. Stiglitz](https://www.bookquiver.com/joseph-e-stiglitz)
- Publisher: Penguin
- Medium: ebook
- ISBN: 978-02-4125-816-3
- Published: 2016-08-16
- Language: en_GB
- Binding: E-book

## Description

The euro was supposed to bring Europe closer together and promote prosperity; in fact, it has done just the opposite. The 2008 crisis revealed the shortcomings of the euro, and Europe's stagnation and bleak outlook are a direct result of the fundamental flaws inherent in the EU project - economic integration outpacing political integration with a structure that promotes divergence rather than convergence. 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, Joseph Stiglitz outlines three possible ways forward: fundamental reforms in the structure of the Eurozone and the policies imposed on the member countries suffering the most; a well-managed end to the European Union; or a bold, new system dubbed 'the flexible euro.' With its lessons for globalization in a world economy ever more deeply connected, The Euro is urgent and essential reading.