"So now it can either:a) try to hold it together and keep on...

"So now it can either:
a) try to hold it together and keep on paying out for bailouts for ever. or
b) go back to a DM likely to rocket and become uncompetitive."

Can't blame the krauts for being grumpy. They have been fiscally responsible and now they are paying a price for sins they didn't commit

Is there no incentive to doing the right thing financially these days? Do the wrong thing and you get bailed out. Do the right things and you get to pay for the bailouts.

As an australian tax payer, I understand how the germans feel.