Europe's Robust Common Currency Why the Euro Will Survive the Crisis

Europe is gripped by a sense of alarm, now that Ireland has become the second euro-zone country to ask for a bailout. Pessimists claim that the crisis means the euro is finished. But that scenario is unrealistic -- in reality, there is little to suggest that the common currency is about to disintegrate.
The euro-logo statue in front of the European Central Bank in Frankfurt: No death in sight for Europe's common currency yet.

The euro-logo statue in front of the European Central Bank in Frankfurt: No death in sight for Europe's common currency yet.

MICHAEL PROBST/ AP