The euro zone crisis was a pivotal moment in europe's history head-on. Why did finance ministers remain so attached to their brand of fiscal discipline as the economy and politics spiraled into such incredible crisis? What were the consequences of those decisions across europe dominic you write quote at the helm of europe's largest and most solvent economy merkel found herself in a position to impose her framework. want to return to discussing the european left in a few minutes but first we should address the euro zone crisis this really pivotal moment ineurope's history heads-on.