Germany to the rescue again? Telegraph UK editorial & BBC Article

Only Germany can save EMU as contagion turns systemic

Europe's leaders have finally run out of time. If they fail to agree on some form of debt pooling and shared fiscal destiny at Thursday's emergency summit, they risk a full-fledged run on South Europe's bond markets and a disorderly collapse of monetary union.

Although it seems like Germany has no interest in taking on more responsibility (BBC article)
(i.e. creating Eurobonds, bailouts, whatever) & maybe if Merkel's hands are tied then the Euro experiment is reaching an unfortunate conclusion?

check it:
With the potential collapse of the European Union and the increased obviousness of a weakened NATO, what will the future look like?  Stratfor, in May, had a report of Poland, Slovakia, the Czech Republic, and Hungary forming a battle group (led by Poland).  Is Europe moving back to a focus on national interests and the good old days of a balance of power?

Wikipedia text, (& link from New World Encyclopedia):  In 2000, Germany's Foreign Minister Joschka Fischer referred to the Peace of Westphalia in his Humboldt Speech, which argued that the system of European politics set up by Westphalia was obsolete: "The core of the concept of Europe after 1945 was and still is a rejection of the European balance-of-power principle and the hegemonic ambitions of individual states that had emerged following the Peace of Westphalia in 1648, a rejection which took the form of closer meshing of vital interests and the transfer of nation-state sovereign rights to supranational European institutions."^[7] 

Crazy how much can change in a decade (or a couple of years).  Maybe Fischer should grab a drink with Francis Fukuyama?