Luboz Motl is very bright, with a wonderful dry sense of humor, and a reasonable approach to life. His essay includes an account of events inside the Greek Parliament, and a video of the chaos on the streets. It's an impossible mathematical situation, as he points out, and everyone will have to muddle through.
His conclusion shows the wisdom of someone whose family has endured life in Eastern Europe for generations:
On the other hand, I am no Europe hater. I think that there are obviously many things that are meaningfully organized at the European level - such as the free-trade zone and others. It would be nice if the recent developments helped the people to rationally discuss what kind of activities the EU can and and what kind it cannot do and shouldn't do. However, it doesn't seem to me that this is happening. People either deny that anything is happening that shows lethal flaws in the European unification concepts; or they're already talk about a funeral and the end of time.
There won't be any end of time. There won't even be a Big Crunch because our Universe has a positive cosmological constant: it will approach de Sitter space event more closely. There will be some future and people should rationally evaluate the experience from the past and try to optimize the future. It's damn obvious that the idea that the desire to "unify" everything - while paying no attention to the evidence that it could be a very bad idea in many contexts - is something that we shouldn't repeat again.