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Future of the Euro
Future of the euro

An election worker counts ballots after Ireland's general election on Feb. 25, in which the ruling party suffered a crushing defeat amid public anger over the country's economic crisis. Ireland's new prime minister, Enda Kenny, resisted pressure at an EU summit the following month to raise Ireland's low corporate tax rate — which attracts corporations like Google to Dublin — as the price for lowering the interest rate charged by the EU to Ireland for its bailout.

When two German lawmakers suggested last year that Greece sell off some of its islands and artworks in exchange for a bailout from the European Union, the suggestion caused much hilarity in the European press.

“We give you cash, you give us Corfu ...

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