It is doubtful that Germany’s demands for fiscal rectitude would produce joy elsewhere in Europe

Greeks aren’t Germans.

The European Crack-Up

by Theodore Dalrymple

A Belgian journalist who interviewed me recently about the European debt crisis asked me whether I believed in the European Project. I replied that I would answer her question—if she would tell me what the European Project actually was. By revealing my doubts, I proved to her that I suffered from the strange kind of mental debility known as Euroskepticism, a condition supposedly compounded of low intelligence and aggressive xenophobia. The low intelligence manifests itself in the patient’s view of European institutions as a gravy train for a transnational nomenklatura, rather than as the beginning of a new, generous, and free-spirited type of postnational identity. 

http://www.city-journal.org/2012/22_1_otbie-european-debt-crisis.html