I am not suggesting that the whole Europe must go down, but the Anglo-Saxons must go.
France and Germany could remain intact for sure.
Without getting into propagandism , centuries old victimisation and racism I would look at the situation dispassionately..
EU is in mess and only a couple of countries are holding their heads high.. Germany for sure is the engine of Europe and till recently the messiah..
Germany is an export powerhouse. Why ?
Because of their world class manufacturing, incredible engineering and workmanship..Their no-nonsense culture shows in their mannufacturing.. They are also good in chemicals , optics etc.. They have pretty high standard and inspite of the high price of their goods the world trust them because they know it's German..
France economy is a major economy but they are not as good as Germany
Italians have gone to the dogs..
UK's manufacturing pride is long gone and they had to sell factories to foreginers like Tata even though some products are world class.. UK positioned itself as a financial hub with London cometing with New York. But the financial mess of 2008 in which innovative financial products ultimately led to its downfall.Banks closed, Investment banking suffered..UK is down..
What is common in Europe ?
The European work ethic of working small hours compared to China, India etc.
You can expect Germans to do good with that because of their manufacturing and good brand identity but you do not expect Greeks, Portugal and Spain to do well.. The world is a competitive place .. If you cannot compete on world class products you have to provide world class services. This demands that the work ethic of Europe improves and are as good as Indians, Chinese even US. They won't ..
So in the incredible rule of PERFORM OR PERISH they agree to perish..
As regards to US..
US is not going to go down..No matter how much they borrow.. No matter how much S&P downgrades them they will still retain sovereign rating..they have the ability to print dollars and the Chinese know that..
The Chinese are extremely smart..That is why they invested massive amount in US Government funds..The Chinese also know that to keep their GDP growing they have to keep the economies of their trading partners going..That is why they are going to be selective in their financial support for countries.. Like it or not.. we are an interconnected world.. It is like the Ummah concept..So no one would like to see others go down..
Greece is not a major economy for outsiders but to keep the stability of europe it is imprtant to some extent..
That is why German and France are asking China..But China is smart.. They will ask for inroads into European market..through Chinese companies..