Single currency experiment has been a disaster' admits Nobel Prize-winning econ

[Mackin USA]

"Large parts of Europe" have endured "a lost decade"; incomes per head are "lower than before the [2008] global financial crisis". While Germany is doing "relatively well", there's "soaring youth unemployment" in France, Italy and Spain. "In a well-functioning economy, there's rapid growth, the benefits of which are shared widely," Stiglitz writes, but "in Europe we see the opposite".

http://www.telegraph.co.uk/books/what-to-read/single-currency-experiment-has-been-a-disaster-admits-nobel-priz/?utm_content=36425008&utm_medium=social&utm_source=facebook