The Center-Left looks like it might win the European Parliament elections, so we will need at least another election cycle. But in the national parliaments the process is furhter along. Italy has the M5S and a resurgent Berlusconi now on full-on Euro-exit mode. Give it year for Renzi to fizzle out. Marine Le Pen is surging in France, and in Spain the centre-left is failing to pick up any support while the centre-right leaks. 2015 should be an interesting year.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman