EUROPE:
The Euro and That Sinking Feeling*

By Melvyn B. Krauss

Hoover fellow Melvyn Krauss explains why the euro is faring so poorly in its first year—and why its future looks, if anything, worse.

*This article is available only in the print edition of the Hoover Digest. Click here to request a free issue.

Melvyn Krauss is the William L. Clayton Senior Fellow at the Hoover Institution. He is also emeritus professor of economics at New York University. He is an expert on international economics and economic development.