How a Currency Intended to Unite Europe Wound Up Dividing It
Stiglitz
'It was started in the name of forging a greater sense of union among the disparate nations of Europe. It was supposed to enhance commercial ties, erode borders and foster a spirit of collective interest, furthering the evolution of former wartime combatants into fellow nations of a united Europe.
But the euro, in the 17 years since the common currency came into existence, has instead reinvigorated conflicts, yielding new crises, fresh grievances and a spirit of distrust. So argues the Nobel laureate economist Joseph E. Stiglitz in a timely new book, “The Euro: How a Common Currency Threatens the Future of Europe.”'
http://www.nytimes.com/2016/07/28/business/international/how-a-currency-intended-to-unite-europe-wound-up-dividing-it.html?
