The case for euro reform

Mr Stiglitz's main point is that for the euro to work its nation-states will have to function more like American states

Roger Lowenstein  August 21, 2016 Last Updated at 21:15 IST

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THE EURO How a Common Currency Threatens the Future of Europe Joseph E Stiglitz W W Norton & Company 416 pages; $28.95 The nasty headlines from across the Atlantic – Brexit, terrorism, debt crises – almost make us forget that these were supposed to be Europe’s salad days. With a common currency and increasing integration, Europe was, finally, bidding adieu to cross-border conflict and economic crisis. Turmoil and strife were so very 20th century; the future was to be only digital apps and polyglot cafes. Instead, they have millions of migrants, rising nationalism, ...

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The case for euro reform