That's a stretch in logic IMHO......
Take just the UK case > galloping house price inflation > remortgaging/bank of Mum and Dad/ (i.e. easyish Money)/ regulators benefitting from a light touch/ Unions not able or willing to impose a limit on supply of cheap pilots (cf. the UK's BMA) / legislators aware that doing anything to regulate the providers of cheap fares will be seen badly by the voters............
But if you want to blame the EU and the Euro then fill your boots...