"one purpose of the “sovereign debt crisis” is to establish the principle that private lenders are not responsible for their bad judgment. Instead, the peoples of the country who were not parties to the loans are responsible. The EU is using the crisis not only to protect powerful private interests, but also to establish that over-indebted countries lose control of their fiscal affairs to the EU. In other words, the EU is using the crisis to centralize authority in order to destroy country sovereignty."

http://www.paulcraigroberts.org/2015/02/09/peace-war-hand-paul-craig-roberts/