Due to circumstances these days people have ideas about how to solve the European debt crisis. So do I. In my humble opinion this is a crisis of confidence, a political rather than an economic crisis. Angela Merkel works on a plan for Europe that the market is going to accept and that will calm things down.
Given that Germany have not benefitted on other countries in Europe for succeeding economically, their culture works best for Continental Europe. If the rest of the nations want to succeed with Germany, they must change their culture to more resemble the German. Write a new constitution for a federal Europe accepting Germany as a leader nation. Unfortunately, in this sense only 66 years have passed since World War II.
As I said before, I personally belong to the Anglo-American paradigm, and I don’t think the UK would change their culture in the German direction, but France might. The Continent could thus become a small China with the UK as Japan on the side. I don’t see anything less than the appearance of a Continental European Creed which is unanimously accepted as something that would ease market pain in Europe. Greece, for example, is moving in the German direction with lots of pain disclosed and maybe they will succeed.
Some people say: “there is no time for this”! Such people tend to have watches but EU federalists have time and one argument is that the time has come for conglomerates in the size of China, North America, and India. Federalists say that we have to join this train. It’s leaving the station now! If Europe doesn’t catch it, the European welfare state is bust and Europe, once proud, will become irrelevant. I don’t agree with Reinfeldt, Merkel has to take charge. Continental Europe needs a plan. There is indeed no time for muddling through.