I think there are global problems Angie, not only European.
The financial chaos began with the collapse of the U.S. housing bubble, the sub prime lending situation, which, because money had also been borrowed from outside the US, damaged financial institutions globally.
As for the rest it seems to be a time of intensive change, both in thinking and action, from the Arab Spring to a revaluation of the status quo in Europe, and even the US is not immune.
It is certainly making life more than a little complicated at the moment, and one can only hope that we have all learned enough from past experience to ensure the changes are positive.
Francine McKenna-Klein - German Culture Editor German Culture Site
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Avatar: HOHENZOLLERNBRUECKE Cologne, the CATHEDRAL and LUDWIG MUSEUM. Photo "Der Wolf im Wald". The EU won the 2012 Nobel Prize for Peace and "The European Dove of Peace 2012" by Plantu is added. Western Europe has enjoyed the longest period of peace in its history.