{"product_id":"the-euroand-its-threat-to-the-future-of-europe","title":"The EuroAnd its Threat to the Future of Europe","description":"\u003cp\u003eFrom 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\u003cbr\u003e\n and prosperity fostered by economic integration: this principle has \u003cbr\u003e\nunderpinned the European project from the start, and the establishment \u003cbr\u003e\nof a common currency was supposed to be its most audacious and tangible \u003cbr\u003e\nachievement. Since 2008, however, the European Union has ricocheted \u003cbr\u003e\nbetween stagnation and crisis. The inability of the eurozone to match \u003cbr\u003e\nthe recovery in the USA and UK has exposed its governing structures, \u003cbr\u003e\ninstitutions and policies as dysfunctional and called into question the \u003cbr\u003e\nviability of a common currency shared by such different economies as \u003cbr\u003e\nGermany and Greece.Designed to bring the European Union closer \u003cbr\u003e\ntogether, the euro has actually done the opposite: after nearly a decade\u003cbr\u003e\n without growth, unity has been replaced with dissent and enlargements \u003cbr\u003e\nwith prospective exits. Joseph Stiglitz argues that Europe's stagnation \u003cbr\u003e\nand bleak outlook are a direct result of the fundamental flaws inherent \u003cbr\u003e\nin the euro project - economic integration outpacing political \u003cbr\u003e\nintegration with a structure that promotes divergence rather than \u003cbr\u003e\nconvergence. Money relentlessly leaves the weaker member states and goes\u003cbr\u003e\n to the strong, with debt accumulating in a few ill-favoured countries. \u003cbr\u003e\nThe question then is: Can the euro be saved?Laying bare the \u003cbr\u003e\nEuropean Central Bank's misguided inflation-only mandate and explaining \u003cbr\u003e\nwhy austerity has condemned Europe to unending stagnation, Stiglitz \u003cbr\u003e\noutlines the fundamental reforms necessary to the structure of the \u003cbr\u003e\neurozone and the policies imposed on the member countries suffering the \u003cbr\u003e\nmost. But the same lack of sufficient political solidarity that led to \u003cbr\u003e\nthe creation of a flawed euro twenty years ago suggests that these \u003cbr\u003e\nreforms are unlikely to be adopted. Hoping to avoid the huge costs \u003cbr\u003e\nassociated with current policies, Stiglitz proposes two other \u003cbr\u003e\nalternatives: a well-managed end to the common currency; or a bold, new \u003cbr\u003e\nsystem dubbed 'the flexible euro.' This important book, by one of the \u003cbr\u003e\nworld's leading economists, addresses the euro-crisis on a bigger \u003cbr\u003e\nintellectual scale than any predecessor.\u003c\/p\u003e","brand":"Joseph E. Stiglitz","offers":[{"title":"Default Title","offer_id":44234861051964,"sku":"9780241258156","price":1347.5,"currency_code":"PKR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0714\/7706\/7836\/files\/the-euroand-its-threat-to-the-future-of-europe-9780241258156.jpg?v=1776786280","url":"https:\/\/libertybooksstore.myshopify.com\/products\/the-euroand-its-threat-to-the-future-of-europe","provider":"LibertyBooksStore","version":"1.0","type":"link"}