On the economic front it is as legitimate worry

If, as the symbol of the Chinese ideogram, there is in every crisis an opportunity, still look, out from the top of the hard times, in the face the magnitude of the problems. For European leaders, the financial errors of the Greece should therefore be an opportunity to not just demi-conclusions. Which, for the time being, is not necessarily the case. However, it seems imperative not to stop in the Ford, because this is perhaps the survival of the European project at stake.

Currently, the diagnosis of Europeans is this: he must be willing to help the Greece for the case where bankruptcy is imminent, but this position of principle should not be declined in numbers or concrete measures. Cruel tension. On the one hand, the bankruptcy of the Greece seems unthinkable in view of its devastating potential for the whole of the old Continent, but, on the other, out the Chequebook as soon as a country laxiste - and cheater - is difficulty risk to destroy the fiscal discipline in Europe. What would be just as explosive as there is no monetary union without a strict financial orthodoxy. From the European treaties which prohibit virtually any financial rescue of a member country, there is undoubtedly a step toward solidarity. If the worst were to clarify, the Europeans would not Greece to collapse.

It is a graph, as the Germany, inter alia, ensures. German, the media campaign against the Greece is virulent. The Germans are fiercely opposed to the idea of pay for the Greece and newspapers to give heart joie: this is not the virtue to rescue the defect. Position of course understandable, especially if one remembers that the Germans come to painful years of economic adjustment and is are tight the belt to restore the competitiveness of their domestic industry.

In the end, the promises of aid from Europe leaving vulnerable, because the German political class surfing on this popular sentiment. Angela Merkel itself vitupère as against speculators against countries not respecting budgetary discipline. What was to be seen as a gesture politics determinant-l' agreement in principle to help the Greece - therefore eventually resemble a status quo that short-sighted. Politically, it generates already unhealthy and even worrying slippages. Athens, is unworthy of the German condescension, and it is coming of old business of financial non-dédommagements after the second world war. The objective of policy convergence in Europe, more and more foul words war that is now between Berlin and Athens is obviously a setback.

On the economic front, it is as legitimate worry. First, can we really believe that the spiral of anxiety will be broken on the markets, without real financial rescue Each day seems to prove the contrary. The least pessimistic diagnosis, it emanated from the mouth of an American economist of a manager of British funds or a credit rating agency, immediately rose hairpin by the mainstream financial media international, in a game of massacre that nothing seems to stop. Even when there is repeated pieces of information that were already known since a month! The promises of the political leaders of Europe weigh enough against the infernal machine of panic and speculation

Secondly, should we not put some grey in history in black and white that is told to us now That the Germany has been virtuous in public finances, while the Greece was lax, nobody can deny it. But what economic policies This objection is very well made by the Director of economic research of Natixis, Patrick Artus. For the latter, the Germany, all of which relied on the competitiveness of its industry, indirectly marginalized industries in other European countries, which partly explains the descent to the underworld of some. The current courteously to countries in danger which attempts to the Germany (although this is said openly) is suicidal. Because, to be competitive, the Germany cut in wage costs. This has accentuated its dependence on exports because domestic consumption is far from sufficient. Today, and tomorrow, Berlin was therefore need for foreign consumers, including Europeans. And especially from those of a country like the Greece, where the growth potential is still solid, unlike many "old" countries industrialized. If one stops thinking in pure financial arithmetic to think about economic growth - which is actually much more decisive for our future-, the perspective changes. Athens has need of Berlin today, but Berlin needs, among others, Athens tomorrow.

Stick to beggar so is not at stake. At best, it can let the storm. At worst, this can the precipitate. Europe should rather understand, putting the foot in the single currency, that it was the first on the road to the convergence of economic policies. The principles of sound management, to useful they are, are clearly insufficient. It is time to tackle the task. Either Europe operates its cultural revolution in engaging on this track, or it takes the risk of recognition in the eyes of the world that it has built a unique but diverse, economic space more egoist that solidarity and, above all, without driver.