Joseph Stiglitz, Nobel Prize-winner and one of the most influential economists in the world today, returned to the John Adams to speak about his new book The Euro: How a Common Currency Threatens the Future of Europe.
As recent events in the U.K. have shown, unity within the EU has been replaced by dissent. Stiglitz argues that this is a direct result of the fundamental flaws inherent in the euro project: money relentlessly abandons the weaker member states and flows to the strong, with debt accumulating in a few ill-favored countries like Greece.
The question then is: can the euro be saved? Stiglitz laid bare the reasons why Europe is condemned to unending stagnation, but also outlined future scenario’s for reform.
Joseph Stiglitz’s new book is translated into Dutch as De euro – Hoe de gemeenschappelijke munt de toekomst van Europa bedreigt by Uitgeverij Athenaeum, with a foreword by economist Robert Went.
Professor Stiglitz was joined on stage by Minister of Finance Jeroen Dijsselbloem.