, Columnist
Things Are Falling Apart for Europe’s Single Currency
From political turmoil in Germany to slumping manufacturing, it’s all going wrong.
The widening gyre.
Photographer: posteriori/Getty Images
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2020 was supposed to be the year when Europe began to shine. After suffering the decision by the U.K. to leave, the European Union had the chance to move forward with greater certainty. The easing of the U.S.-China trade war would aid recovery after a slump in manufacturing that appeared to be ending. And the euro could start to strengthen against the dollar, in a consummation devoutly wished in the capitals of Europe and the U.S.