This article on Der Spiegel’s English site is rambling and not altogether coherent, but, then again, so was the whole EU debate. What lies behind the French rejection is backward-looking wishful thinking, a fear of changing the unproductive "French way of life."
Here’s a summary, in English, of German opinion and analysis. For more English-language reaction from the continent, drop by Davids Medienkritik (German blogger), Zacht Ei (Dutch blogger), and No-pasaran (French blogger). They’re all happy with the result, as, I might add, am I.
Given the prominence of the anti-American and anti-market French "left" in the "no" campaign, even many a "euro-sceptical" pundit will be inclined to say that the French voted "right for the wrong reasons". But there is much post-referendum evidence to suggest that in fact a very large portion of the French electorate, cutting across ideological boundaries, recognized in time the threat to their liberties that Dr. Joseph Fischers monster represented.