The reason the Europeans announced for the 19th or 20th time that they had “solved” the European financial crisis and only got a “dead cat bounce” from the market is because they have cried wolf more than once too often.
The fact of the matter is that the BIS is under lockdown and no new funny money based on forged Asian (dragon family etc.) gold certificates is being put into the system. The Europeans (except for the Germans) then realized their “real” economies were mostly non-existent and that their massive “financial services” sectors were largely based on fraud.
All this means is that Europeans will once again go back to the legendary work ethic that made them world dominating powers in the first place. It is like a junkie going cold-turkey, it hurts at first but it is actually benefiting them.