Eur-own Dilemma

Europe's new currency is in a funk. Yes, travel there is cheaper, but stocks here are riskier

Ask the average couch potato about the slumping euro, and you'll probably hear all about Svetlana Khorkina's early mistrials on the uneven bars in Sydney. Far more meaningful, though, are the mistrials of the virtual currency that much of Euroland adopted in 1999 to simplify trade and build economic muscle. A spendable euro won't be in print before 2002. Until then, it's a calculation that 11 nations peg their currencies to, and so far it hasn't worked well for Europeans. Underscoring the trouble: Denmark last week elected not to join the Euro union.

Initially, there were grand plans for the euro...

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