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From “European Crass Warfare”, NYTimes article at http://www.nytimes.com/2008/12/15/opinion/15krugman.html

you can’t have a coordinated European effort if Europe’s biggest economy not only refuses to go along, but heaps scorn on its neighbors’ attempts to contain the crisis.

so the socialism can't be just one state, it must be all states- The Communism! Latvia is the new Argentina: that certainly provides perspective. So much for the "stronger economies" of the EU deriding the PIGS (Portugal Italy Greece & Spain): gains and profits go to the "stronger economies"; losses must be shared by all. Does this sound familiar?