EU glue starts to melt

The long-standing Franco-German partnership that bound the euro project together is showing signs of coming undone.

Ever since the 1950s, the Franco-German alliance has driven the European project forward. It has worked "largely by simultaneously disguising both German strength and French weakness", says The Economist. And there have been plenty of ups and downs. But now, due to the euro crisis, French economic weakness and German economic strength looks "more lopsided and thus more fraught than ever before".

The French, especially elements within the Socialist government, have become increasingly resentful of Germany's tough stance on bail-outs, austerity and reforms. A Socialist Party official recently lambasted the "selfish intransigence" of German chancellor Angela Merkel. Much of the French establishment wants to avoid painful reforms, but also fears that ongoing austerity across the eurozone will undermine what little growth there is.

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