As every trained water rescuer knows, when faced with a thrashing, flailing potential drowning victim who's trying to pull you under water as you attempt to save his life, you don't let him grab hold of you. Instead, you push him away and assume the defensive "reverse-and-ready" position until you can safely approach him from under water, lift him up and swim both of you to safety. So why was German Chancellor Angela Merkel clinging to French President Nicolas Sarkozy in a kissy-kissy death-clutch, both sinking like stones? Reverse and ready, Angie! Now you both risk credit downgrades, according to Standard & Poor's. Way to go.