Photo Gallery: Euro Under Attack by Speculators
Foto: MAL Langsdon/ Reuters
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Photo Gallery: Euro Under Attack by Speculators

Built on a Lie The Fundamental Flaw of Europe's Common Currency

The euro is under attack like never before, as the promises on which it was based turn out to be lies. Hedge funds are speculating against Greek debt, while euro-zone politicians work behind the scenes to cobble together rescue packages. But fundamental flaws in the monetary union need to be fixed if Europe's common currency is to survive. By SPIEGEL staff.
Translated from the German by Christopher Sultan