Crisis is an understatement. The EU has lost its national identity, its lost its energy security and financial security, and soon general security for lack of a better term. Crime will explode and within a generation i am predicting the EU will be poorer than North Korea, it will happen fast, but lets see. And since the EU has nothing to unite around, ie. national identity is gone because of the high influx of immigrants, same thing with the religion. Its a multi cultural, multi lingual society with nothing in common with each other so therefore its going to be able to rise again.

And why its being done? Its being done to make everyone else look good, China, USA, Russia. So that their people wont revolt for the time being, because, hey "at least we are not Europe."

Ps. this is my personal opinon based on my impression of the world. Have a nice day.