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

The Nobel Prize-winning economist and best-selling author explains why saving Europe may mean abandoning the euro.

When Nobel Prize-winning economist Joseph E. Stiglitz posed this question in the original edition of The Euro, he lent much-needed clarity to a global debate that continues to this day. The euro was supposed to unify Europe and promote prosperity; in fact, it has done just the opposite. To save the European project, the euro may have to be abandoned. Since 2010, many of the 19 c...