The European problems are made from the continued deception of the policy makers that meander from crisis to crisis. Eurocrats denied that there was a sovereign credit crisis even as the BOND MARKET was aggressively selling the debt of the PIIGS. A problem in Greece when rates went above 10% on 2-year Greek Bonds? No, just some speculators moving the markets in an attempt to make a quick EURO. There are no problems in the EU. Now that the lies have given birth to a major crisis and possible global DEPRESSION, the EUROCRATS are beginning to acknowledge that something is rotten in Brussels.