Thomas Hanke asks for "a little more Bismarck for Europe"

Writing in Handelsblatt columnist Thomas Hanke argues that there is slowly a consensus emerging in Europe on how to deal with the Greek crisis and what to lessons to draw from the experience. He detects a growing realization that Euro bonds are part of the answer. Also the question of European solidarity is put on the table now. There is a search for the sort of financial federalism that is appropriate for Europe. But Hanke argues all across Europe people are looking for more from Germany that just money. They want political leadership. "A little more Bismarck would help", he writes.