Philip Stevens in the FT is providing good reading these days. I don't always agree with him, but his is an opinion I think worth noting. I liked this today, in a discussion on the French elections and the potential panic at a Hollande win:
The really “dangerous” notion in today’s Europe is not the call for a debate about growth but the assumption that things can simply go on as they are. There has to be a bridge between recession and deficit reduction. Without it, the continent will indeed risk a revolution, even if not yet in France.
In other words - its Merkel and Sarkozy who really threaten Europe - as many of us have said for some time.