Photo Gallery: Europe's Common Currency Facing Uncertain Future
Foto: LIONEL BONAVENTURE/ AFP
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Photo Gallery: Europe's Common Currency Facing Uncertain Future

Castles in the Sky The Fundamental Problem with Efforts to Save the Euro

In the battle to save its common currency, Europe is too busy focusing on the same old failed policies. Rather than set aside ever higher sums for bailouts, the bloc needs to set up an independent institution to oversee the debts of EU nations.
Translated from the German by Christopher Sultan