December 1, 2010
The deepening woes of Europe's weakest economies are raising fresh doubts about the euro. But the future of the world's most ambitious monetary experiment will be decided not in troubled Ireland, Greece, Portugal or Spain, but here in Germany - Europe's economic powerhouse.
The Germans surrendered their mighty deutsche mark in 2001, their stalwart economy anchoring a union of 16 European nations sharing a common coin: the euro. But with fiscal turmoil escalating across much of the euro zone, the currency has entered an uncertain period.
Although it reversed some of its recent declines against the dollar on Wednesday amid hopes that the European Central Bank will aggressively intervene to prop up the bonds of ailing European nations, some still fear that the currency could destabilize in the coming weeks and months.
The key question now is: How long will the Germans prop it up? In one poll released this week, almost half of the Germans surveyed said they were growing weary of the euro.
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