Photo Gallery: The Birth Defects of a Common Currency
Foto: Jesco Denzel/ dpa
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Photo Gallery: The Birth Defects of a Common Currency

Operation Self-Deceit New Documents Shine Light on Euro Birth Defects

Newly revealed German government documents reveal that many in Helmut Kohl's Chancellery had deep doubts about a European common currency when it was introduced in 1998. First and foremost, experts pointed to Italy as being the euro's weak link. The early shortcomings have yet to be corrected.
Translated from the German by Christopher Sultan