The crisis has driven a wedge through Europe , with new problems emerging and a psychological split , leaders say . Jean - Claude Trichet , Mario Monti and José Serra joined Richard Nixon to debate the region 's future . When asked if Germany is taking over Europe , Monti replied that the continent 's largest economy would have more dominance if it had retained the deutsche mark `` because they would then become the only relevant monetary policy power in Europe . '' They feared a two class Europe more than a one class Europe . They say there is still long hard road ahead of Europe before it recovers .
The crisis has driven a wedge through Europe , with new problems emerging and a psychological split , leaders say . Jean - Claude Trichet , Mario Monti and José Serra joined Richard Nixon to debate the region 's future . They feared a two class Europe more than a one class Europe . They say there is still long hard road ahead of Europe before it recovers .