This explains Angela Merkel's desire for a new treaty about the eurozone so soon after the Lisbon Treaty was completed late last year, & her unexpected warning to Britain, & the Tories in particular, not to demand a review of any of the controversial issues included in, or left hanging from, the very objectionable Lisbon Treaty.
These issues include, inter alia, the:
1. excessive authority of the European Court of Justice,
2. ratchet or passerelle clause in the Lisbon Treaty,
3. objectionable Quantitive Majority Voting (QMV) procedure, which was massively extended by the Lisbon Treaty,
4. planned use of QMV in relation to the currently debated AIFM Directive, & the directive's likely negative effect on the workings of the City of London,
5. 48 hour working rule & its negative effect in the UK on junior doctors & voluteer firefighters etc,
6. exceptionally undemocratic way the EU operates where if a country's government-of-the-day agrees to an EU proposal later governments of that same country (which may have totally different political attitudes to the previous one) cannot have the earlier one's objectionable EU-related decisions revoked,
7. EU's active discouragement of referendums & its intense dislike (contempt more like) of any "No" votes when national referendums are actually held,
8. pointless attempts to set up an EU member-state armed force in duplicate to (or more likely in competition with) NATO, &
9. participation in the EU's ridiculous carbon trading scheme, & its absurd plan for all EU members to cut their so-called greenhouse emissions by 20% (or possibly even 30% if some of the more warmist bureaucrats get their way) by 2020.
As I said: inter alia. There are probably many more objectional matters between the UK & the EU than just these few.
Merkel & Germany are in a somewhat similar position as China is now. A potential export-dependant "bubble". Germany needs the eurozone as a major market for Germany's excessive dependency on exports. If the eurozone totters, then so do Germany's exports. And after all, Germany's need for the EU is to ensure that Germany remains free of the social chaos that accompanies economic hardship - which in Germany's case often generates authoritarianism. Merkel is playing for high stakes. Economic health & social peace in Germany. Clashing with British Tories, if they win the coming UK election, will be a small price for her to pay!