I don't know why but European football just seems to have run out of steam. I think that the vast number of meaningless fixtures before the knock out stages greatly reduces the level of excitement - I think to win the Europa League you actually have to play pretty much every Thursday for around six months. It doesn't help that a lot of the top clubs, particularly in England see the Europa League as a chore rather than the opportunity to win a European Trophy and so they seldom seem to care if they are in or out which clearly devalues the game for us fans. It can't be good for the game to have EPL clubs travelling to Armenia midweek to play on a muddy field in front of four men and a dog.
Even the so called Champions League is one group stage too far as there are too many teams in it who have pretty much zero chance of progression and whose job appears to be as whipping boys to earn the big clubs a few more tv euro's.
I reckon if a third tier competition was brought in and the clubs were seeded to see how many from each federation were in each competition then you'd get fewer games per club but also more games which were actually competitive. Flip side is that the tv package for the bottom tier would be akin to the Conference payments but the poor fare we are currently being served in the early stages of both competitions cannot be good for the game.
Like others on here I also find it hard to muster a great deal of enthusiasm/support for any of the English representatives.