Davos 2017: Joe Biden criticises Russia; Al Gore on climate change – as it happened
By Graeme Wearden – January 19, 2017
Sitting alongside Pierre Moscovici, economist Joseph Stiglitz says that if Europe can’t build the institutions to make the euro work it should admit that it has failed.
Unless there is such a mechanism, he says, Europe should “face reality, say this has been an interesting experiment but currencies come and go.”
Stiglitz says Europe should not give up on integration, but should simply go about it in a different way.
The euro, he says, has “undermined solidarity”.
— VirginieJacobergerL (@VJacobergerL) January 18, 2017