--- title: "Meaning & Key Takeaway of: The euro zone was driven by the…" description: "\"The euro zone was driven by the neoliberal view that markets are always efficient. That in itself is political. There was no pressing economic need tha..." image: "https://sms4smile.com/quotes/i/07d/joseph-stiglitz-1351_always_the-euro-zone-was-driven-by-the-neoliber_2875353.jpg" --- # The euro zone was driven by the neoliberal view that… ![“The euro zone was driven by the neoliberal view that markets are always efficient. That in itself is political. There was no pressing economic need that the euro was required to solve, but leaders believed that it would foster growth.” quote by Joseph Stiglitz](https://sms4smile.com/quotes/i/07d/joseph-stiglitz-1351_always_the-euro-zone-was-driven-by-the-neoliber_2875353.jpg) [Download](https://sms4smile.com/quotes/i/07d/joseph-stiglitz-1351_always_the-euro-zone-was-driven-by-the-neoliber_2875353.jpg) [Open image](https://sms4smile.com/quotes/i/07d/joseph-stiglitz-1351_always_the-euro-zone-was-driven-by-the-neoliber_2875353.jpg) > “The euro zone was driven by the neoliberal view that markets are always efficient. That in itself is political. There was no pressing economic need that the euro was required to solve, but leaders believed that it would foster growth.” [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Neoliberal belief in market efficiency politicizes the euro, despite lacking economic necessity. **In simple terms:** Euro was politically driven. Key Takeaway Question economic motives. Themes economics politics policy Mood analytical critical Type academic political When to use this quote - government budgeting - currency policy - public debate Key Concepts neoliberalism market theory Eurozone formation Questions to Reflect On - Is the euro essential for growth? - What alternatives exist? A Different Perspective Complex benefits may be overlooked. ★ ★ ★ ★ ★ No ratings yet [Always](https://sms4smile.com/quotes/about/always/) [Driven Neoliberal](https://sms4smile.com/quotes/about/driven-neoliberal-3956384/) [Euro](https://sms4smile.com/quotes/about/euro/) [Euro Required](https://sms4smile.com/quotes/about/euro-required-3956385/) [Euro Zone](https://sms4smile.com/quotes/about/euro-zone-361568/) [Europe](https://sms4smile.com/quotes/about/europe/) [Growth](https://sms4smile.com/quotes/about/growth/) [Investing](https://sms4smile.com/quotes/about/investing/) [Leaders](https://sms4smile.com/quotes/about/leaders/) [Neoliberal View](https://sms4smile.com/quotes/about/neoliberal-view-3956383/) [Political](https://sms4smile.com/quotes/about/political/) [View](https://sms4smile.com/quotes/about/view/) ## Related quotes > [Germany has always stood for an E.U. of the 27 countries. But in light of Britain's continued resistance to further integration steps, as we…](https://sms4smile.com/quotes/wolfgang-schauble/germany-has-always-stood-for-an-e-u-of-the-27-countries-but-in-light/) [Wolfgang Schauble](https://sms4smile.com/quotes/author/wolfgang-schauble/) > [If the euro zone doesn't come up with a comprehensive vision of its own future, you'll have a whole range of nationalist, xenophobic and…](https://sms4smile.com/quotes/nick-clegg/if-the-euro-zone-doesn-t-come-up-with-a-comprehensive-vision-of-its/) [Nick Clegg](https://sms4smile.com/quotes/author/nick-clegg/) > [I think sometimes Europe may take for granted the extraordinary progress that's been made over the last 40, 50 years. I recognize that sometimes…](https://sms4smile.com/quotes/barack-obama/i-think-sometimes-europe-may-take-for-granted-the-extraordinary/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [A country outside the euro zone cannot have a veto over countries in the euro zone.](https://sms4smile.com/quotes/francois-hollande/a-country-outside-the-euro-zone-cannot-have-a-veto-over-countries-in/) [Francois Hollande](https://sms4smile.com/quotes/author/francois-hollande/) > [Greece has given Europe the opportunity to fix a defect in the euro zone, that is the fact that we did not have a…](https://sms4smile.com/quotes/george-papandreou/greece-has-given-europe-the-opportunity-to-fix-a-defect-in-the-euro/) [George Papandreou](https://sms4smile.com/quotes/author/george-papandreou/) > [First of all, Greece won't go down. We're talking about a country that is capable of making change. Europe will not allow the destabilization…](https://sms4smile.com/quotes/george-papandreou/first-of-all-greece-won-t-go-down-we-re-talking-about-a-country-that/) [George Papandreou](https://sms4smile.com/quotes/author/george-papandreou/) > [Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has not been dispatched.](https://sms4smile.com/quotes/barry-eichengreen/across-the-continent-political-divisions-are-deepening-for-all-of/) [Barry Eichengreen](https://sms4smile.com/quotes/author/barry-eichengreen/) > [It is the entire euro zone system which is under threat at the moment, not just a few small countries anymore... Our euro is…](https://sms4smile.com/quotes/iveta-radicova/it-is-the-entire-euro-zone-system-which-is-under-threat-at-the-moment/) [Iveta Radicova](https://sms4smile.com/quotes/author/iveta-radicova/) > [The Greek people do not want to exit the euro. 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But this is a system in which many…](https://sms4smile.com/quotes/evangelos-venizelos/europe-and-the-euro-zone-have-no-reason-rationally-to-push-greece-out/) [Evangelos Venizelos](https://sms4smile.com/quotes/author/evangelos-venizelos/) > [As for the single market, the E.U.'s landmark achievement, there is no question that a euro zone breakup would severely disrupt its operation in…](https://sms4smile.com/quotes/barry-eichengreen/as-for-the-single-market-the-e-u-s-landmark-achievement-there-is-no/) [Barry Eichengreen](https://sms4smile.com/quotes/author/barry-eichengreen/) > [We are keen to stress that a strong euro zone is good for a strong United Kingdom. It's not for us to write the…](https://sms4smile.com/quotes/nick-clegg/we-are-keen-to-stress-that-a-strong-euro-zone-is-good-for-a-strong/) [Nick Clegg](https://sms4smile.com/quotes/author/nick-clegg/) > [It is true that no member state can be required to make payments to others. But if countries want to offer voluntary assistance, as…](https://sms4smile.com/quotes/wolfgang-schauble/it-is-true-that-no-member-state-can-be-required-to-make-payments-to/) [Wolfgang Schauble](https://sms4smile.com/quotes/author/wolfgang-schauble/) > [It is virtually impossible for what you are voting on to remain as it is currently. There could be huge changes to the treaty…](https://sms4smile.com/quotes/nigel-farage/it-is-virtually-impossible-for-what-you-are-voting-on-to-remain-as-it/) [Nigel Farage](https://sms4smile.com/quotes/author/nigel-farage/) ## More by Joseph Stiglitz > [I grew up in a family in which political issues were often discussed, and debated intensely.](https://sms4smile.com/quotes/joseph-stiglitz/i-grew-up-in-a-family-in-which-political-issues-were-often-discussed/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs.](https://sms4smile.com/quotes/joseph-stiglitz/but-individuals-and-firms-spend-an-enormous-amount-of-resources/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [China, with its large emerging middle class, is among the big beneficiaries of globalization.](https://sms4smile.com/quotes/joseph-stiglitz/china-with-its-large-emerging-middle-class-is-among-the-big/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [Trickle-down economics is a myth. 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So not only…](https://sms4smile.com/quotes/joseph-stiglitz/in-an-economy-when-the-government-spends-more-and-invests-in-the/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [The laws of normal economics dictate that lower taxes combined with increased spending will lead to bigger deficits.](https://sms4smile.com/quotes/joseph-stiglitz/the-laws-of-normal-economics-dictate-that-lower-taxes-combined-with/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [A less healthy America is not going to be as productive.](https://sms4smile.com/quotes/joseph-stiglitz/a-less-healthy-america-is-not-going-to-be-as-productive/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability -…](https://sms4smile.com/quotes/joseph-stiglitz/as-i-noted-in-my-nobel-lecture-an-early-insight-in-my-work-on-the/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [We noted the psychological problems facing many of the returning from Iraq veterans - of the 700,000 returning veterans, more than a 100,000 have…](https://sms4smile.com/quotes/joseph-stiglitz/we-noted-the-psychological-problems-facing-many-of-the-returning-from/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get…](https://sms4smile.com/quotes/joseph-stiglitz/world-war-ii-was-really-unusual-because-america-was-in-the-great/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [Moreover, because we chose to finance the way by borrowing, our deficits and debt has soared, and this means we have less room for…](https://sms4smile.com/quotes/joseph-stiglitz/moreover-because-we-chose-to-finance-the-way-by-borrowing-our/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [I've always been sceptical about the notion that the market is a person you can engage in an argument with, and that that person…](https://sms4smile.com/quotes/joseph-stiglitz/i-ve-always-been-sceptical-about-the-notion-that-the-market-is-a/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [The striking thing about America is - it's historically, extraordinary unusual,I don't of any other instance - is that productivity of workers and wages…](https://sms4smile.com/quotes/joseph-stiglitz/the-striking-thing-about-america-is-it-s-historically-extraordinary/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) [Explore all 251 Joseph Stiglitz quotes ](https://sms4smile.com/quotes/author/joseph-stiglitz/) ## More Always quotes > [I think performing has pretty much always been a part of me.](https://sms4smile.com/quotes/isa-briones/i-think-performing-has-pretty-much-always-been-a-part-of-me/) [Isa Briones](https://sms4smile.com/quotes/author/isa-briones/) > [I always thought if I was born 2000 years earlier, I would be a monk, probably carving a monastery or some giant pantheon buildings.](https://sms4smile.com/quotes/jenova-chen/i-always-thought-if-i-was-born-2000-years-earlier-i-would-be-a-monk/) [Jenova Chen](https://sms4smile.com/quotes/author/jenova-chen/) > [I always like a character who makes me laugh.](https://sms4smile.com/quotes/rachael-stirling/i-always-like-a-character-who-makes-me-laugh/) [Rachael Stirling](https://sms4smile.com/quotes/author/rachael-stirling/) > [It's always great to see old friends, especially those I have not been able to see in 15 months.](https://sms4smile.com/quotes/william-regal/it-s-always-great-to-see-old-friends-especially-those-i-have-not-been/) [William Regal](https://sms4smile.com/quotes/author/william-regal/) > [When you step out and do a song in a musical, the easier thing to do is make it funny. But when those transitions…](https://sms4smile.com/quotes/kelli-o-hara/when-you-step-out-and-do-a-song-in-a-musical-the-easier-thing-to-do/) [Kelli O'Hara](https://sms4smile.com/quotes/author/kelli-o-hara/) > [I have really good lateral movement. I've always had quick lateral movement.](https://sms4smile.com/quotes/austin-rivers/i-have-really-good-lateral-movement-i-ve-always-had-quick-lateral/) [Austin Rivers](https://sms4smile.com/quotes/author/austin-rivers/) > [There is something magical about being able to feel somebody. And that is something that has always moved me with music.](https://sms4smile.com/quotes/maria-brink/there-is-something-magical-about-being-able-to-feel-somebody-and-that/) [Maria Brink](https://sms4smile.com/quotes/author/maria-brink/) > [Mythology is something that always has opportunities to explore. 'It' has been on Earth for millions of years. He's been in contact with humans…](https://sms4smile.com/quotes/andy-muschietti/mythology-is-something-that-always-has-opportunities-to-explore-it/) [Andy Muschietti](https://sms4smile.com/quotes/author/andy-muschietti/) > [It's not writing in the traditional sense, but I've always said that the writing process continues on the set and even into the editing…](https://sms4smile.com/quotes/robert-b-weide/it-s-not-writing-in-the-traditional-sense-but-i-ve-always-said-that/) [Robert B. Weide](https://sms4smile.com/quotes/author/robert-b-weide/) > [I always watch my matches back 100 times afterwards because that's how I improve. This is something I've always done, even in NXT.](https://sms4smile.com/quotes/mandy-rose/i-always-watch-my-matches-back-100-times-afterwards-because-that-s/) [Mandy Rose](https://sms4smile.com/quotes/author/mandy-rose/) > [I've always been of the idea that is doesn't really matter where you are geographically - with 'Lonerism,' we made half the album in…](https://sms4smile.com/quotes/kevin-parker/i-ve-always-been-of-the-idea-that-is-doesn-t-really-matter-where-you/) [Kevin Parker](https://sms4smile.com/quotes/author/kevin-parker/) > [It's very easy to fool yourself that you're working, you know, when you're really not working very hard. I mean, I'm very lazy. So…](https://sms4smile.com/quotes/robert-caro/it-s-very-easy-to-fool-yourself-that-you-re-working-you-know-when-you/) [Robert Caro](https://sms4smile.com/quotes/author/robert-caro/) > [Whether it was Little League or playing with your brothers or sisters, that was always a problem. If I would lose - because I…](https://sms4smile.com/quotes/cal-ripken-jr/whether-it-was-little-league-or-playing-with-your-brothers-or-sisters/) [Cal Ripken, Jr](https://sms4smile.com/quotes/author/cal-ripken-jr/) > [I always say if you put someone from a small town into a big city for ten years, then when they go back, they'll…](https://sms4smile.com/quotes/mike-colter/i-always-say-if-you-put-someone-from-a-small-town-into-a-big-city-for/) [Mike Colter](https://sms4smile.com/quotes/author/mike-colter/) > [Bayern is always a team that can win the Champions League title in Europe.](https://sms4smile.com/quotes/lothar-matthaus/bayern-is-always-a-team-that-can-win-the-champions-league-title-in/) [Lothar Matthaus](https://sms4smile.com/quotes/author/lothar-matthaus/) [Browse all 36,048 Always quotes ](https://sms4smile.com/quotes/about/always/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The euro zone was driven by the neoliberal view that markets are always efficient. 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