The euro's real trouble.

The article discusses financial crises related to the euro. According to the author, the difficulties of the situation have as much to do with politics as economics. Particular focus is given to an October 2010 summit of European leaders including European Central Bank (ECB) President Jean-Claude Trichet, German Chancellor Angela Merkel, and French President Nicolas Sarkozy. Topics discussed include public debt, the euro area, and the role of private creditors in resolving financial crises.