15.09.2016 - Nobel Winner Stiglitz Spells Doom for Dysfunctional Euro Currency
Nobel Prize winning economist and best-selling author Joseph E. Stiglitz has said the single currency Eurozone may have to be dropped completely as it is based on the flawed idea that a single currency can embrace a diverse group of countries with differing fiscal policies and economies. The 19 countries of Europe that share the euro currency — known as the Eurozone — have been rocked by economic stagnation and debt crises, made worse by the global financial crash of 2008. Some countries have been in depression for years while the governing powers of the Eurozone have careened from emergency to emergency, most notably in Greece...............................................Full Article: Source
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