The EU will hold one of its regular summits, and the participants are all patting themselves on the back because they don’t believe they have an immediate near-term crisis to deal with. Except they do. That crisis isn’t about whether or not Spain will accept a bailout (the Spanish government is reluctant, because they would be forced from the outside to impose conditions they have largely pre-emptively proposed from the inside, so who cares?), or whether or not Greece will exit the euro.