Is the Euro Good for Europe?

Illustration for TIME by MAX ELLIS

People in the German border town of Passau probably don't think of themselves as champions of the euro. Yet this August they scored a victory for Europe's single currency. On a warm Friday afternoon, about 500 people, led by Mayor Albert Zankl, drank beer, ate bratwurst and — for almost five hours — blocked a road into neighboring Austria. Their target: the price of gasoline in Germany which, at about j1.15 per liter, is about 20% more expensive than in Austria. Every day since the beginning of...

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