http://www.presseurop.eu/en/content/article/2121261-here-comes-united-states-europe

If Germany is to pay for the eurozone crisis, then fiscal and political union is the likely price. And plans for this are already being drawn up ahead of what could be a momentous EU summit on 28-29 June.

It is a measure of the speed at which the politics of the euro crisis is changing. Only a fortnight ago all the attention was being lavished on France's new president, François Hollande, being sworn in in Paris as Monsieur Growth and rushing off on his first assignment to challenge Europe's Frau Austerity, Chancellor Angela Merkel.

"We need new solutions. Everything's on the table," Hollande pledged, meaning he would force Merkel to remove the noseclip and consider things that give off a foul odour in Berlin, foremost among them eurobonds ­ Germany solving the crisis at a stroke by agreeing to underwrite the debt of Spain, Greece, Italy and all the rest. Fat chance.