If you look around Europe for countries to backstop Germany in the deepening crisis, you’ll find there are very few. You might read of a Euro zone of 17 countries, but, in fact, these are mostly minnows. The countries that stand behind Germany are France and Italy, one with an inflexible labor market, hampering recovery, the other on the point of its own crisis.
Behind these two come smaller countries like Holland and Finland, both of whom are heartily sick of Germany’s bailout program. Of these Finland is having to rewrite its history almost as fast as Spain.
