Many Europeans would not agree with key parts of your article.
Agree, they would, to your statement that southern countries took advantage of German economic strength through accounting lies. For their part the northern countries took the southern leaders "at their word".
Little agreement, however, that Europeans are looking kinder at the "old free-market model of the United States. In Germany, at least, although large deficits are seen as a problem, lowering taxes across the board is not favored. In fact, pressures are increasing for stronger redistribution of wealth from the upper to middle classes, more control over the financial markets, and an increased resistance to privatization of the trains, water distribution, etc.