The crisis has created a new pecking order, at least temporarily. Germany, with its high-competitiveness, low-debt economy, is on top. The rest are having to adjust, including France, traditionally a joint leader of the European project. This is unsettling. “You get an enormous sense of German self-righteousness, which is very difficult to take, especially when there are solid foundations for it,” says François Heisbourg of the International Institute for Strategic Studies. France, which has lagged behind Germany in making structural reforms, feels its influence waning. “France has to do its homework to be able to restore some level of influence in Europe,