Two comments: note the emphasis on how bad things are in Finland and the Netherlands, and this:
Stripped bare, the strategy of the EMU elites is to bet/hope that the global economy is entering a fresh cycle of global expansion, and that nothing more is needed. The question is what will happen if we are instead nearing the end of a five-year growth cycle, with stock markets already looking frothy and overstretched. What if this is as good as it gets?
Indeed. I shouldn’t bet on getting the rest of the world getting Europe out of its crisis.