[ynquirer]

The ongoing debt crisis is usually deciphered in terms of the risk that the euro be wrecked. There is argument, however, to contend that it rather is a by-product of the German struggle for leadership in Europe.

In brief, Rhineland capitalism has fared quite well in the world financial crisis. Germany’s position compares to both Britain’s and America’s. Yet, the German industrial model is far from prevalent in the European Union, while it needs to be so. Through that lens, the crisis offers Germany ocassion to turn the screw and enforce collective discipline in the Eurozone. In the wake of financial discipline, expansion of the Rhineland capitalism will follow.

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