I cannot usefully add to this from Boiling Frog, which castigates the Failygraph for its leader on the eurozone crisis and Germany.
To call the Failygraph piece intellectually inconsistent would be generous. As TBF points out, the newspaper is advocating not only a German dominated Europe, but the destruction of democracy across Europe including in Germany.
The deepest irony, he says, is that the Euro crisis exists because the German Constitutional Court is upholding the basics of democracy and refusing to let Merkel throw it away on a whim just to prop up the Euro. So in short the Telegraph wants Germany to throw away Europe's democracy for the sake of the EU and then it will viciously condemn it for doing so.
You really do wonder what this newspaper does for brains these days.