The debt crisis has had many repercussions in Europe, with both the value of the euro and its image suffering. Can the common currency now be an alternative to the US dollar as the global reference currency? The dollar is itself undergoing a crisis of confidence
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For 100 years the US dollar was the world’s predominant currency. For a time after its introduction it appeared that the euro could become a serious rival. Meanwhile China’s yuan continues its rise. MADE IN GERMANY reporter Kerstin Schweizer asks who’s ahead.