So are we left with the Gallic, Nordic and German social market economy models - three close variants - or the potential for the emergence (wishful thinking) of a new model based on Open Society?

We are also left with plain old fascism. Something the power classes might try to resort to if a whole truckload of manure hits the fan.

By the way, and about Europe decoupling, I've found this on RGE today:

Daniel Gros/Stefano Micossi: The "overall leverage ratio" - a measure of total assets to shareholder equity - of the average European bank is 35 due to large in-house investment banking operations, compared with less than 20 for the largest U.S. banks. This means that relatively small writedowns on their assets could have a devastating impact on a bank's capital--> some EU banks have become too big for any one European country to save while an official cross-border crisis management mechanism with ex ante burden sharing is not in place.

I am not an economist, but it seems pretty grim to me...