So it is humorous, as Mark Steyn notes, that the most recently guilty people of Europe may gain the dominance that they once tried to get by force of arms with a currency:
It requires a perverse genius to invent a mechanism designed to consign the horrors of the mid–20th century to the trash can of history that winds up delivering you to Mitteleuropa circa 1934. Sometimes the road forward leads you right back where you started. While Eurocrats still peddle the standard line about the EU acting as a restraint on the Teutonic urge to regional domination, the British defense secretary recently demanded that it was time for Germany, as the wealthiest nation on the Continent, to step up to its responsibilities and increase military spending. I would doubt Frau Merkel would take his advice, if only because the euro seems to be doing for Berlin's control-freak complex what neither the Kaiser nor Hitler could pull off.
And Europeans are just about begging the Germans to run the place.
The really funny thing is that the Germans don't seem like they want the job any more. I guess the thrill of the chase was more fun than the conquest, and the Germans have decided that they don't want to belong to any club that wants them.