Nobel Laureate Joseph Stiglitz on
Tuesday described the single European currency as the European
Union's "one big mistake" and invited reflection on how to make
amends.
The European Union "has made one big mistake: the euro,
which hasn't worked," said the American Stiglitz, who won the
Nobel Prize for economics in 2001.
This observation gives rise to two questions, he continued.
"Why hasn't it worked? And how is it possible to make
amends?"
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