Take a look at the chart below from Christian Odendahl, the chief economist at the CER. Once you account for depreciation, Germany's public investment on construction and equipment has actually been negative the past decade.
"Behind closed doors, while Germany will certainly push France on reform and [budget] consolidation, France will be given more time and flexibility," said Christian Odendahl, chief economist at the CER.
But sport, said Stephen Tindale of the CER, "is respectable tribalism" – and tribalism can prove a powerful and effective motor. The kind of people who oppose further European integration often do so, Tindale argues, on the grounds that there is no European "polis", or body of citizens.