Contrary to German chancellor Angela Merkel's recent claim, the euro crisis is not nearly over but remains unresolved … turn the flawed and dysfunctional euro regime into a viable one, the current calm in financial markets is deceiving, and … unlikely to last. The euro regime's essential flaw and ultimate source of vulnerability is the decoupling of central bank and …

Monetary Union (EMU), focusing on the German intellectual and historical traditions behind the euro policy regime and its … the euro's guardian of stability, and ultimately the euro itself. Essentially, the national success of the Bundesbank … general perception in Germany today is that the euro crisis has confirmed the soundness of the key “stability …