The Euro’s Latest Reprieve

by Jospeh E. Stigltiz Joseph E. Stiglitz, a Nobel laureate in Economics, is Professor of Economics at Columbia University. His latest book is The Price of Inequality: How Today’s Divided Society Endangers our Future. 03.07.2012

Introduction

Eurobonds and a solidarity fund could promote growth and stabilize the interest rates faced by governments in crisis. Lower interest rates, for example, would free up money so that even countries with tight budget constraints could spend more on growth-enhancing investments.

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