Germany is in danger of getting so deep in the EU financial crisis she can't get out without tremendous economic damage. I don't think private investors will jump at the opportunity to become entangled in this mess. There's little reason to believe that Greece, Spain or Italy will fundamentally change anytime soon, not with their citizens entrenched in an entitlement mindset. Those asked to sacrifice will point to goverrnment waste and corruption, and the governments won't have good answers.
Plus, with Greece, Spain and Italy drained dry, Germany won't have captive customers. The new global economy is tough, and only the leanest, most innovative, most flexible, most productive, most free and most efficient will thrive. America, too, has a long way to go.