One reason why one should hope the deal does not unravel is that the E.U. – even with Germany as a dominant member – keeps Germany within a European framework. The original impulse to form the union after WW2 was to achieve a European Germany and prevent a German Europe. To a considerable degree, that objective has been achieved.
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Roger Cohen in The New York Times, July 13:
Yes, the German Question is back. Is German domination compatible with further European integration or will it prove a fracturing force?
Merkel has tried to tread a fine line between the rage at Greece within her center-right party and her determination to hold the euro – and Europe – together. She has resisted the many German voices saying, “To heck with Greece. Enough!” But, overall, notwithstanding the provisional Greek bailout deal reached after marathon negotiations, she had erred on the side of rigidity, austerity and responsibility lessons. German methods are good for Germans. But if Berlin now wants all Europeans to follow those methods, the Europe that offered postwar Germany a path to salvation will break apart.