Joseph Stiglitz predicts Eurozone 'failure' unless Greece AND Germany quit

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Famous Eurosceptic Joseph Stiglitz suggested there will be disaster across the bloc, with the euro causing havoc in several member states.
Nobel prize winning Mr Stiglitz served as a feather-ruffling chief economist for the World Bank. Despite Brexit scaremongering being rife across the UK, Eurosceptic Stiglitz has suggested the real tough times will be for the union. His book How to Save the Euro suggests, on its current course, the Euro is certain to fail — and indeed, that it was fatally flawed from birth. Mr Stiglitz points out the Euro's fixed exchange rate and a single interest rate for its members, which means countries must forgo the option to devalue in times of economic weakness.


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Eurosceptic Joseph Stiglitz wrote How To Save The Euro

Read more: http://www.express.co.uk/news/world/702101/Joseph-Stiglitz-predicts-euro-doom-Greece-Germany
 
i think that greece and germany quitting is counterproductive. The main problem of the Euro is like the main problem of federal minimum wage. No matter what amount you put it will be too low for some areas and too high in others.

The Euro can be succesful with germany and the other stronger economies only or greece and the weaker economies only. That way they can set the value at something that will either help their manufacturing in the case of stronger countries or investment/tourism in the case of weaker ones.
 
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