The European Crack-Up - Greeks aren’t Germans by Theodore Dalrymple

The incontinent spending of many European governments, which awarded whole populations unearned benefits at the expense of generations to come, has—along with a megalomaniacal currency union—produced a crisis not merely economic but social, political, and even civilizational. 
http://www.city-journal.org/2012/22_1_otbie-european-debt-crisis.html