Euro endures in the face of failure

Commentary: All fear worse if common currency abandoned

In the absence of any meaningful economic data or market changes, Europe holds the stage.

If this were burlesque — and of course it is — the audience would be yelling, "The hook! The hook!" The impresario with the shepherd’s crook would long since have yanked Europe by the neck off-stage and dumped it in the alley.

Why, oh why, is this dragging on, the euro such an obvious and total failure? Three reasons.