Ow effective have The European institutions been in dealing with the economic crisis?

In general the core problem of the essay should be where the crisis started from and how it affected Europe. How different European institutions reacted and thus took precautions wrong or right in order to tackle it. Has Europe overcome the crisis yet or there is long way to go, what are the perspectives and would there be fatal ending for the European Union. Use as example Greece! Primary and secondary research methods should be used. Different theories should be researched and analyzed (e.g. Marxsist, liberalists, left wing, right wing). The theories should be looked at more broad perspective. The structure of the European Institutions should be looked at and how the European Union works more as a monitoring body rather than action-taking body. Please do make sure that the issue is not only looked as economic problem but as well as political/institutional.