"While it was an experiment to bring them together, nothing hasdivided Europe as much as the euro," Stiglitz said in a "Squawk Box" interview.
The risk of a sovereign default in Greece has increased after the anti-austerity party Syriza won Sunday's snap elections, raising concerns over the possibility of a Greek exit from the euro zone.
Greece is not the only economy struggling under the euro, and that's why a new approach is needed, Stiglitz said. "The policies that Europe has foisted on Greece just have not worked and that's true of Spain and other countries." .... http://www.cnbc.com
