[Joseph E. Stiglitz] What action can save the euro?
Dec 11, 2011
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 higher interest rates. Economists on both sides of the Atlantic are now discussing not just whether the euro will survive, but how to ensure that its demise causes the least turmoil possible.It is increasingly evident that Europe’s political leaders, for all their commitment to the euro’s survival, do not have a good grasp of what