---

Nobel Prize-winning economist Joseph Stiglitz explains why saving Europe may mean abandoning the Euro. Laying bare the European Central Bank´s misguided inflation-only mandate and explaining why austerity means unending stagnation, he outlines 3 possible ways forward: fundamental reforms in the structure of the Eurozone, a well-managed end to the Euro or a new system he dubs the ´flexible Euro´.

---

Can the Euro be saved? Should it be?

Nobel prize-winning economist Joseph E. Stiglitz dismantles the prevailing consensus around what ails Europe - arguing that economic stagnation is a direct result of the Euro´s flawed birth, demolishing the champions of austerity and offering solutions that can rescue the continent from further devastation.

´Stiglitz could hardly have timed The Euro better ... one of those economists with a rare ability to help readers understand complex ideas´ Philip Aldrick, The Times´Original, hard-hitting ... Much more than a demolition job. These chapters are full of constructive proposals´ Martin Sandbu, Financial Times

´Terrific and clarifying´ Peter Goodman, The New York Times

´Coolly analytical ... he is surely right: without a radical overhaul of its workings, the Euro seems all but certain to fail´ Economist

---

Highly readable ... passionately written ... this important book will unnerve millions Sunday Telegraph

---

Stiglitz, Joseph
Joseph E. Stiglitz was Chairman of the President´s Council of Economic Advisers 1995-7 and Chief Economist at the World Bank 1997-2000. He is currently University Professor at Columbia University, teaching in the Department of Economics, the School of International and Public Affairs, and the Graduate School of Business. He is also the Chief Economist of the Roosevelt Institute and a Corresponding Fellow of the Royal Society and the British Academy. He won the Nobel Prize for Economics in 2001 and is the bestselling author of Globalization and Its Discontents, The Roaring Nineties, Making Globalization Work, Freefall, The Price of Inequality and The Great Divide, all published by Penguin.

---