That's it but when you've lost alot of your brightest, and the rest are demotivated because of the system or whatever, and there's alot of corruption, and disorganisation, that's what happens. One of the EU reforms I would support would be to decide if a country is 'capable' of changing its systems, in a constructive, productive way, and what constitutes that? And how can it be influenced, legitimately.
The thing about austerity is that it was a perfect moment for EU to do so much more than just back austerity/bailout conditions etc, things that would have helped ordinary people, and would have helped countries like Ireland progress in a broad way, and instead they de-facto said they support the bankers etc, because we all know it was the bankers etc that are taking all that lovely credit from the source (alot of it in the EU) and the source wasn't going to bite the customer.
Hence in one fell swoop the EU elite used the failings of the Irish economy, banking system & political structures etc to cover up for their own failings in allowing the situation to develop. It was all a behind the back handshake between the movers of wealth. It proved beyond doubt that the whole charade about a more integrated, equal, and better functioning Europe was a heap of horseshite way of lining the pockets/protecting the interests of a small minority.
And I say all that as a pro-Europe person. So in some ways I can't join in the Brexit fiasco-fest on here because there are indeed very good reasons for the EU project to get a massive KUTH from whatever source, and whatever the reason. It may prove to have been a good thing, in a roundabout way.