Here's a superb breakdown of the current situation in Europe.
Below, Andrei Jikh proposes four levels of analysis and instead of presenting a simple yes/no answer, he explains why they may all be true simultaneously.
And this to my opinion may be the gist of our current predicament. We are almost always presented with simple interpretations which are deemed the correct ones as the rest is dismissed as "conspiracy theories" whereas in reality, different levels of understanding often coexist in a complex mix of motivations and interests.
Europe has made mistakes and is ready to double down on them but this doesn't mean that nefarious forces are not at work in the background. In Asia, we say that "The Wasp often stings the weeping cheek." In real life, weakened bodies attract predators and vultures which consequently accelerate the downfall.
Now that Europe has shown its weak underbelly, economic, social and financial forces will conjure to strike the continent. The extreme left clearly stated that they want to get rid of the government in France while inflation is rising and interest rates are out of control. The right will eventually react but the huge state apparatus and dominant woke ideology will offer stiff resistance. Expect confusion and mayhem in the months ahead.