PIIGS to the Slaughter Can the Euro Zone Cope with a National Bankruptcy?

As speculators attack the euro, Europe is facing a growing threat of national bankruptcies. The consequences would be dramatic for the whole of the continent, especially German banks, which are highly exposed to risky debt. EU politicians are willing to pay almost any price to help the beleaguered countries. By SPIEGEL staff.
Photo Gallery: The Euro Under Pressure
Foto: YIORGOS KARAHALIS/ REUTERS
Fotostrecke

Photo Gallery: The Euro Under Pressure

Photo Gallery: The Euro Under Pressure
Foto: YIORGOS KARAHALIS/ REUTERS
Fotostrecke

Photo Gallery: The Euro Under Pressure

Photo Gallery: The Euro Under Pressure
Foto: YIORGOS KARAHALIS/ REUTERS
Fotostrecke

Photo Gallery: The Euro Under Pressure

Photo Gallery: The Euro Under Pressure
Foto: YIORGOS KARAHALIS/ REUTERS
Fotostrecke

Photo Gallery: The Euro Under Pressure

Translated from the German by Christopher Sultan