Historian and political commentator Walter Laqueur states in World Affairs: "However, if there are no certainties in world politics, there remain probabilities that can be ignored only at great peril. In the case of the troubled European Union and the darkening Arab Spring, it is highly probable that, from the beginning, the optimism of even expert journalists, academics, and diplomats was misplaced, and that the odds against European progress toward a united and prosperous continent, and Arab progress toward liberty, peace, and democracy, were very heavy indeed" ("The Perils of Wishful Thinking: On Europe and the Middle East," March/April 2012, emphasis added throughout)
British author, editor and journalist Max Hastings would agree. His Daily Mail article of June 19, 2012, was titled: "Europe's on the Brink of Probably the Gravest and Most Frightening Tumult of Our Lifetime."
He speaks frankly of probabilities: "Greece, like Italy, espouses a historic culture of corruption and tax-evasion that may enable those countries to muddle along in splendid isolation, but disqualifies them as partners in an economic union with Northern Europe . . . Greece cannot and will not fulfill its financial obligations. Its new Government's only hope is that promises of future good behaviour persuade the Germans to pick up Greece's bills, keeping the game going for another round."
Hastings does not mince his words: "The truth is that the weaker brethren of the EU have got to go, for their own sake and everybody else's. There is absolutely no happy scenario at the end of the crisis—only a choice between variations of calamity. If the eurozone survives at all, it can only be as a German economic empire in which the subject peoples will sooner or later find colonial status intolerable."
In his concluding remarks, this veteran journalist boldly calls the European Union "a fantasy economic and political structure which is now collapsing about our ears."
Of course, Hastings may be mistaken. One can easily locate article titles like "Why It's Worth Keeping the European Dream Alive" (Financial Times, Nov. 1, 2011) and "Weber [i.e., former German central banker Axel Weber] Sees Euro Zone Surviving Crisis" (The Wall Street Journal, June 25, 2012). Nonetheless, the eurozone countries remain on the horns of a serious dilemma.
The Associated Press reported on Aug. 2, 2012: "The European Central Bank is preparing to unleash its financial might and buy government bonds to help drive down borrowing costs in debt-ridden countries like Spain and Italy, caught in the grip of what president Mario Draghi called a 'worsening crisis.' Draghi urged leaders of the 17 countries that use the euro to use their bailout fund to take the same action, sending a clear message: Europe's financial crisis requires more forceful remedies than leaders have so far been able to muster."
Your Bible reveals Europe's cultural differences today as it stumbles forward to form a final revival of the ancient Roman Empire. In interpreting a dream vision of future empires, the prophet Daniel explained:
"Whereas you saw the feet and toes, partly of potter's clay and partly of iron, the kingdom shall be divided; yet the strength of the iron shall be in it, just as you saw the iron mixed with ceramic clay. And as the toes of the feet were partly of iron and partly of clay, so the kingdom shall be partly strong and partly fragile. As you saw iron mixed with ceramic clay, they will mingle with the seed of men; but they will not adhere to one another, just as iron does not mix with clay" (Daniel 2:41-43 Daniel 2:41-43  And whereas you saw the feet and toes, part of potters' clay, and part of iron, the kingdom shall be divided; but there shall be in it of the strength of the iron, for as much as you saw the iron mixed with miry clay.
 And as the toes of the feet were part of iron, and part of clay, so the kingdom shall be partly strong, and partly broken.
 And whereas you saw iron mixed with miry clay, they shall mingle themselves with the seed of men: but they shall not join one to another, even as iron is not mixed with clay.
American King James Version×).
Fundamentally, the social and cultural problems of the European Union are predictable, leading to financial difficulties for a time. And Bible prophecy concurs that transforming European diversities into any kind of cohesiveness will be a struggle. Yet it also shows that a measure of unification will eventually be imposed, but not until a strong leader comes to the fore.
Should there be an economic disaster in Europe, we should clearly recall that Adolf Hitler was only able to come to power in 1933 primarily because of unprecedented runaway inflation and economic hardship in Germany.
Bible prophecy deals in certainties, not probabilities. Whatever the causal circumstances, a world superpower headed by an end-time charismatic dictator will surely arise in Central Europe, its tentacles reaching all around the globe (Daniel 2; 7; Revelation 13; 17-18). To understand much more, read the Bible study aids You Can Understand Bible Prophecy and Are We Living in the Time of the End? (Sources: Associated Press, Daily Mail, Financial Times, The Wall Street Journal, World Affairs.)