I know everyone is trying to explain this, i.e. crisis, to you from every possible angle. You do not need me to do that also. But I will offer you my view, anyway, as seen through the “eyes” of Seinfeld.
The following clip, starting at 0.28 seconds, does a very good job explaining the current situation and the dynamics between US and EU.
Imagine that Seinfeld is US, Kramer is EU and LA is the EURO project.
In the same spirit here is Stephen Colbert’s advise to solve the crisis.