Some things, at last, seem to be going right for the euro. A semblance of calm has returned to financial markets following the European Central Bank's (ECB) decision to buy up the sovereign debt of troubled euro economies. And on Sept. 12, Germany's highest court ruled (with some caveats) that the new $900 billion bailout fund doesn't breach the German constitution.
Big deal, you might say. There's still enough bad news out there Greece, anyone? to quicken the pulse of financial-market traders. And neither decision addresses the pressing challenges facing Europe today: the recession...