The euro lost ground against the dollar Tuesday on revived concern for the financial fate of Greece and other eurozone members and resistance to a planned IMF-style European Monetary Fund.
Ten years after the euro, it’s still all about Germany, which isn’t the way it was supposed to be, Celestine Bohlen of Bloomberg News writes in her latest column.
The Greek debt crisis will change the way the euro zone works, but probably not in the direction that the single currency’s founding fathers had hoped.