Exploring the Role of Institutions and Ideologies in Euro Crisis

The euro crisis that followed the 2008 global financial crisis has significantly transformed Europe and has manifested itself in the form of “a lost decade,” ruined countries, and dented aspirations.

The Euro and Its Threat to the Future of Europe by Joseph E Stiglitz is an attempt to explore the ideas, ideology and beliefs that underlie the “euro project” that was envisaged not just as an economic project that would enhance the stability and prosperity of the region but also as a political one to promote regional solidarity. It also explores in depth the role of institutions and consequences of “intertwining of politics and economics” in the build-up to the euro crisis. The book sets itself apart as a convincing critique of neo-liberal capitalism or market  fundamentalism and is an insightful assessment of the structuring and functioning of euro currency union.