'could mean death of euro' | Mail Online

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Nobel Prize winner Joseph Stiglitz: Economic crisis 'could mean death of euro' | Mail Online: "economic woes of Greece and Spain could trigger a break-up of the euro and plunge Europe's weakest countries back into recession, one of the world's leading economists has warned. Spain's unemployment has soared to 20 per cent and Brussels policymakers fear that it could go the way of Mediterranean counterpart Greece, whose economy teetered on the edge of meltdown earlier this year.
Nobel Prize winner Joseph Stiglitz said the stress placed on the single European currency by its failing economies meant 'the future prospects of the euro are bleak'.
He argued that the only longterm solution to the crisis might be for Germany, Europe's strongest economy, to ditch the currency altogether.
He said Germany's exit would allow the euro to fall in value, boosting exports from Europe's stragglers, whose goods would become cheaper for the rest of the world to buy."