Europe has agreed to extend its financial lifeline to Greece by four months from the end of February.
In the US we have the option of placing large military bases and other government agencies in places that have a hard time creating jobs. If Europe were a Federation they could put a major navy base, their FAA center, a large European medical research center, etc in places like Greece and Portugal to create jobs with higher pay.
Just having the EU is like US states having the FED but no Federation. It may be a stepping stone now the question is, stepping stone to where?