Despite the economic downturn in the region, the political consequences and the incidence of social unrest in eastern Europe has been remarkably limited so far.
If the situation in the eurozone deteriorates further as the Italian general election gets nearer, there is a high risk of severe financial market turmoil that could push Italy back to that brink of financial and economic collapse where it found itself last November.
France's new president, François Hollande, has a strong political mandate, but very little room for manoeuvre.
Being part of the EU is central to how we in the UK create jobs, expand trade and protect our interests around the world. It allows us to be in a single market of some 500 million people, with a combined GDP of £11trillion (Euros), in which we can trade, travel and work freely.
Britain is happy to live with the hard work which freedom will entail. We are prepared for the future, but to do so we must be captain on our own bridge.
It is hard to know what, if any advice, Cameron gets on European political affairs as he seems out of touch and out of his depth, in a manner not seen since John Major, in dealing with continental politics.
Headlines around the Euro crisis have resurfaced with a vengeance in recent weeks. The uncertainty surrounding the future of the Euro is taking its toll on financial stability and the markets.
It will only be once the eurozone is stabilised and working reasonably effectively, that it will it be possible for people to give time to working out the shape of a new European Union.
There is one figure in a poll conducted this week by YouGov-Germany that could turn David Cameron green with envy.
Angela Merkel rushed off from this week's EU Summit without commenting on the deal done to shore up the financial system. Hardly surprising - other EU leaders like Ireland's Enda Kenny have described this as a "seismic shift" in policy - and we all know who he was talking about - the German leader.
In the past two weeks, Spain and Cyprus have formally applied for eurozone rescue packages. Each case is a lesson for the eurozone and offers some indications of what the outcomes of the EU summit on June 28-29 should be.
Neither Britain nor Sweden is part of the eurozone. But we both want and need it to recover and succeed.
I am a European federalist. I know, it's a shocking thing to say, like an American candidate saying "I believe that the world is older than 10,000 years" or "Yes, selling Playboy to teenaged boys is less dangerous than a semi-automatic Armalite rifle".
Next year Putin and Cameron take the reins of the G20 and G8 respectively. They must show that bringing the most powerful people in the world together can still deliver results for the most powerless.
The financial crisis in Europe, and the suffering caused by it, is something that has increasingly drawn my attention. The population of young people - my own age group - is particularly affected by it. Therefore, I believe that questions such as 'What is wealth?' and 'What makes us wealthy?' are more relevant today than ever before.
The last thing Europe and Greece needs is another set of elections and more indecision. We need to see the new Greek government formed within hours committed to paying its way in the world.