Europe seems to have made up its mind about one piece of its financial crisis: the leading EU countries now believe that the euro and the European economy will both survive a disorderly Greek default that drives the country out of the euro.Greece’s threat to the euro area has always been financial. Its economy is too small to affect the health of the zone as a whole; the fear was that a Greek default would push banks (who had bought a lot of Greek bonds with the blessing of European bank regulators) into insolvency and cause a wider financial crisis. Thanks to generous ECB bank funding, with more available in a second round of near-free money, the banking system now looks able to withstand a Greek default.Nobody’s afraid of a Greek default anymore, except the Greeks, and nobody but the Greeks much cares if the Greeks leave the euro. The other European countries aren’t going to throw Greece under the bus, but they aren’t going to break a sweat trying to save it from itself.That seems to be the read from the last day’s events: the Greeks finally signed up to a new round of economic measures, and their “European partners” turned it down flat. In the old days, when Europe feared a Greek meltdown, there would have been lots of comforting noise in Brussels hoping to soothe global markets amid promises of an eventual resolution.There’s no mood music playing this time; Europe is waiting for Greece to make up its mind, and can live with the situation either way.Apparently, it’s the hour of tough love. Or at least of tough something.