EU is in a risky position, but the article seems to only tangentially mention the main problem: shared money without a proper merging of monetary policy. The 5 trillion euro bank bailout abused Greece with idiotic austerity policies a left quite a few countries (France in particular) with banks that are leveraged many times larger than their host country's GDP.
Mark Blyth[1] has a very good explanation[2] of this mess that covers a lot of the history. More recently, his analysis has unfortunately changed for the worse[3]. We find ourselves in a precarious situation on both sides of the Atlantic, and I hope we can find enough good men willing to actually do something about these problems; if instead we do nothing and let the profiteering and institutional corruption continue to grow, some sort of collapse seems inevitable.
Mark Blyth[1] has a very good explanation[2] of this mess that covers a lot of the history. More recently, his analysis has unfortunately changed for the worse[3]. We find ourselves in a precarious situation on both sides of the Atlantic, and I hope we can find enough good men willing to actually do something about these problems; if instead we do nothing and let the profiteering and institutional corruption continue to grow, some sort of collapse seems inevitable.
[1] Econ professor at Brown University.
[2] https://www.youtube.com/watch?v=B6vV8_uQmxs#t=674
[3] https://www.youtube.com/watch?v=9fP6YSCpm8g