I'll be honest. I never read Naomi Klein's 'Shock Doctrine', and I have been pretty skeptical about her actual sophistication when it comes to the ability to debate economics. I only heard of the 'Shock Doctrine' as a way of using a crisis to force through drastic pro-market, neo-liberal reforms that would never be approved democratically.
But that's the perfect analogy for what's happening right now in Europe. Germany is using the crisis to force other countries to bust their unions, destroy labor protections, crush pensions and social security, slash wages, and bring up unemployment rates. Because German is in a currency union with the rest of Europe, it has, by necessity, a shared monetary policy. But Germany refuses to allow that monetary policy to work for Greece, Italy, Spain, and other countries. It prefers to force these countries into adjustments of the above described nature.
The problem is that the countries cannot adjust fast enough because they are under speculative attack by the markets, and face a liquidity crunch. Besides that, forcing these countries into adjustment is undemocratic. The correct solution is to break up the euro area.