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European Union crisis is not existential, the crisis is undoubtedly a leadership one. When you decide based on the indication of polls you are not a leader and you deliver the power to extremism. This political class knew since the beginning that the governance rules were incomplete, the decision was taken (and not declared) to follow the strictest compliance to incomplete rules, knowing all too well the end result, the real, undeclared aim of these last years action. Success is coming to a few ones, an enormous cost will be paid by many.
Above you can see some images of some of the most influential statesmen Europe enjoyed in the most recent years (there are many more too, these are just the most prominent).
At the link you can reach the FT article, the text above is one of the comments posted on the FT site.