Tag Archives: Euro

By Joseph E. Stiglitz The euro was supposed to bring growth, prosperity; instead, it has brought stagnation, instability, and divisiveness It has been three years since the outbreak of the euro crisis, and only an inveterate optimist would say that the worst is definitely over. Some, noting that the eurozone’s …

By Joseph E. Stiglitz Public-sector cutbacks do not solve the problem of yesterday’s profligacy; they simply push economies into deeper recessions New York – Just when it seemed that things couldn’t get worse, it appears that they have. Even some of the ostensibly “responsible” members of the eurozone are facing …