Personally, I see this as a result of the Euro. Allowing individual budgeting among participating nations while maintaining a monetary union has prevented Greece from doing what most countries would do in a debt crisis (inflation!), and the austerity measures imposed by Germany are choking the economy. When creating the Euro, I feel like the EU should have imposed greater budgetary restraints (specifically on borrowing) on member nations. The EU is obviously heading towards a greater political and financial federation (or global insignificance), and if they wish to survive, they need to work together.