Like a traveler walking on foot – always falling forward, cushioned by one moving foot at a time – Europe moves from crisis to crisis. But what is a crisis? Whether it is  psychosomatic,  cultural or social, a crisis places the organism at a crossroads; it is the “critical” point , where the criterion that dominates at the moment determines the path followed. The European crisis is centered at the unstable place where the subcontinent’s leaders hesitate between two paths, the path of stability (which is not immobility, but a tendency toward equilibrium), or the path of deepening imbalance, which can lead to disintegration.