September 24, 2021

How (Not) To Think About The Euro (Joseph Stiglitz, Part 2)

  • “It was a mistake to start the euro … There will be a cost to breaking it up, but over the last 8 years the euro has generated enormous costs for Europe. The cost of keeping the Eurozone together probably exceeds the cost of breaking it up. It’s clearly a failure … There was no economic imperative to create the euro.” [Jos. Stiglitz, 2016]

Five years ago, Joseph Stiglitz made the case that the Eurozone is essentially a failure, and should be broken up.

Stiglitz was and is “a leading progressive voice in the U.S.,” to the…

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