This is a question that matters a lot for French as well as German politics. I describe the quandary here, in my latest piece for The American Prospect.
Art Goldhammer considers the following as important: Germany
This could be interesting, too:
Jean Pisani-Ferry writes The great macro divergence
B. T. writes Germany’s non-rebalancing of its mercantilist model
Jochen Andritzky writes Plädoyer gegen eine Politik der Scheinlösungen