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Darrell Delamaide’s Political Capital: Stiglitz’s attack could tilt debate on the euro

The euro was flawed from birth, the political will to create institutions that could mitigate its fundamental problems is not there, and an “amicable divorce” may be the only realistic solution.

This is the thrust of the message from Nobel economist Joseph Stiglitz in a media blitz to promote his new book, “The Euro: How a Common Currency Threatens the Future of Europe.”

Stiglitz, a former chief economist for the World Bank and former chairman of the U.S. Council of Economic Advisers who is now a professor at Columbia University, is one of the most prominent economists in the world and has been a persistent critic of the euro EURUSD, -0.2554% and European Union economic policies.

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