In your leader on the euro drama you lament the German politicians’ inability to appreciate the psychology of financial markets (“The German Problem,” November 19, 2011). As you claim, twice, markets are given to self-fulfilling panics that require a fine touch to manage. However, the “German dogma,” “German orthodoxy,” and “Teutonic rigidity” are in the way. You admit that the right way for the euro is fraught with difficulties, for the right policy is hard to craft amid slow eurozone’s governments, but you nonetheless urge the German politicians to better appreciate the fickleness of financial markets. I wonder. In fact, the German propensity to stick to good rules may in the end save the euro. No matter how fickle, financial markets do appreciate dogma, orthodoxy, and rigidity in the right places. The only question is how many countries will eventually remain in the eurozone together with the Germans.