Europe's largest economy, Germany, reported stellar growth figures for 2010 Q2. In fact, Germany recorded the fastest quarterly growth in 2010 Q2 since reunification.
http://www.spiegel.de/international/germany/0,1518,druck-711679,00.html
It is worth recalling that several US economists (especially Paul Krugman) criticized Germany for its limited fiscal response to the Global Credit Crisis of 2008-2009. See for instance:
http://krugman.blogs.nytimes.com/2008/12/11/the-economic-consequences-of-herr-steinbrueck/?pagemode=print
or http://www.spiegel.de/international/business/0,1518,701894,00.html
It appears, at least based on recent performance, that Germany and Angela Merkel have been vindicated as far as their adoption of a measured response to the crisis is concerned.
Euro-related Issues:
The Future of the Euro
http://www.foreignaffairs.com/print/66483
George Soro's on the euro-zone sovereign debt crisis:
http://www.nybooks.com/articles/archives/2010/aug/19/crisis-euro/?pagination=false